? Know how much house you can afford.? Know how much cash you will need for the down payment.
? Know an estimate of your closing expenses.? Simplifies pre-approval.
A number of factors determine the price range of homes you'll want to preview - one of these factors is loan pre-qualification.
It is extremely important to speak with a mortgage lender of your choice prior to looking at homes with your agent. This allows you to be more confident in the price range and payment that you are looking for. It also eliminates falling in love with a home that you cannot afford to buy. I will assist you in locating a great lender if you do not already have one selected.
Items considered when pre-qualifying for a mortgage loan include:
With our knowledge of the real estate market, your loan officer will help you make an informed decision as to the type of loan you'll want and qualify for. There are many different types of loans to consider - FHA, VA, Conventional, USDA, and many more. They will find the best loan for your situation and with your permission, inform me of any specifics required for the price range, location, and condition of the home.
Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.