One of the most important steps, and usually the first, during the home buying process is speaking with a lender and getting pre-qualified. Not only do you want to buy the right home, but it’s important you make that purchase with the right mortgage loan. There are many different types of mortgages available, and it’s important for you to know which one is best for you. Qualification requirements and the amount of money you need for a down payment can vary based on the type of mortgage. Your home search and buying experience can benefit significantly by becoming pre-qualified up front. Here are a few reasons why:
Proactive – A lender can help you identify potential hurdles with your credit, debt, etc., and ways to improve them. This can spare you from a lot of headaches and not to mention save you money.
Planning – Allows you to verify what your monthly payments will be so you can create a budget.
The Search – Helps you establish a price range so you spend your time viewing the right homes.
Making an Offer – As a buyer, you will be much more appealing to a seller and your offer will be stronger. The seller will consider you to be more of a sure bet to close.
Peace of Mind – Know that the time, energy, and emotion you put into finding your next home is worth it because your goals are achievable.
When making the significant financial decision to buy a home, it’s important that you work with the right people. We help connect our clients with quality lenders we trust. If you would like to speak with a great local lender, please complete the brief contact information form.
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