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The best way to begin your home search is to find out how much you can afford. The best way to do that is to obtain a mortgage pre-qualification. A pre-qualification will give you an amount that you qualify for based on the information you provide along with a cursory review of your credit history and score. This will allow you to search for homes only within your price range, thus saving time spent otherwise looking at homes that are out of that range. The pre-qualification process is actually quite simple. A lender or broker will review your information with you and get your permission to review your credit history. Very quickly there after, usually the same day, you will receive a letter of pre-qualification which includes the amount. Most sellers and all banks, when making an offer on foreclosures, require pre-qualification letters with your offer. In order to ensure your offer is submitted and reviewed quickly, it is best to obtain a pre-qualification letter before you even view any properties. You, as the buyer, are allowed to use any lender you choose. We work very closely with several local and national lenders and brokers. We are able to refer you to one of these trusted sources and assist you with the pre-qualification process. If yo would like us to review your information and suggest the best loan sources, in our opinion, please complete the form below. If you would like to speak with an agent directly to discuss how we can help you reach your goals, please Contact Us now. |
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