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~ Reasons to Get Pre-Approved
WHO? All buyers should be pre-approved before starting the search for a new home. This gives you the advantage of knowing how much a lender will loan you and gives the seller the knowledge that you are able to purchase the house.
WHAT? Pre-approval is an application taken by a lender qualifying you for your new home. This information gives you the guidelines of what you can afford, what type of loan you'll want and maybe some conditions you may have to meet before you make that offer on a new home.
WHERE? Shop around for the lender you feel comfortable with, either because of the loan package they can give you or the different options available to you. Every loan organization, whether a bank, loan company, brokerage firm or employee credit union, has different guidelines. I would be glad to direct you to some qualified and reputable lenders I have built a relationship with and that know how to get the job done.
WHY? Pre-approval is the first step in deciding to purchase your new home. This eliminates the element of surprise. It's very disappointing to find your dream house only to find out later that you can't afford to buy it. | 