If you’ll be needing financing for your purchase, you’ll want to be sure you’re prequalified before starting your property-search. Otherwise, you’ll be putting the “cart before the horse” so-to-speak. The qualification process can be tedious, but once you’re over this hurdle, and you know that amount you qualify for, the home-search process will be fun and rewarding. Nothing is worse than having your heart set on a “dream property” only to find out later that you don’t even qualify for the place!
Also VERY IMPORTANT: you’ll want to work with a lender that knows the Mammoth market. There are lots of obstacles to financing in a resort market, and many out-of-area lenders will assure a client they can provide financing on a subject property, only to find out at the 11th hour, that their underwriter can’t and won’t fund the loan. Believe me, nothing is worse than this! I can recommend a few wonderful lenders that have closed thousands of loans in Mammoth.