If you want to buy a house, getting pre-approved is your first step!
Getting pre-approved does 2 things for you: it gives you the peace of mind that you can qualify for a mortgage so you can house shop with confidence, and it lets you know how much house you can afford! With a mortgage pre-approval, a licensed mortgage professional can do a more complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually what you can spend.
I can lock-in an interest rate for you for anywhere from 60 – 120 days while you shop for your perfect home. By locking in an interest rate, you are more likely to get a mortgage for at least that rate or better. If interest rates drop, your locked-in rate will drop as well. However, if the interest rates go up, your locked-in interest rate will not, ensuring you get the best rate throughout the mortgage pre-approval process.
In order to get pre-approved for a mortgage, I need to chat with you about your housing needs and your current financial situation, and I’ll verify your income documents up front. I can explain to you the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products they believe will most likely meet your needs the best, plus they will review all of the other costs involved with purchasing a home. Once you get your pre-approval letter, you can go shopping!
Getting pre-approved for a mortgage is something every potential home buyer should do before going shopping for a new home. A pre-approval will give you the confidence of knowing that financing is available, and it can put you in a very positive negotiation position against other home buyers who aren’t pre-approved.
Contact me today to get pre-approved and take that first step towards owning your own home!