WHY GET PRE-APPROVED BEFORE YOU BUY A HOME?
The very first step to buying a home is getting pre-approved by a trusted Mortgage Professional, and we will guide you through every step of the process. There are various reasons you will need to do this before searching for homes:
You will learn what properties are in your price range so you and your Real Estate Agent will know what home price range you are able to afford. This way, you won't waste your time searching for homes that are too small or too expensive -- your agent will be able to show you homes that fit within your desired price range, not above it.
Secondly, you will want to be taken seriously by home sellers when you submit an offer on a home. Sellers and their agents prefer to work with pre-approved buyers. When you have your financing in place, you have demonstrated your ability and motivation to purchase a home; it will give you an edge over other prospective buyers who cannot submit an offer as a pre-approved buyer! You will have all of your financing in place and will not need to rush the biggest transaction of your life! (The biggest one for most of us, at least!) You will be able to determine your monthly payment in order to budget accordingly and establish a solid estimate for your down payment and closing costs. Being pre-approved allows you time to work with us to explore different financing options, including special first-time home buyer programs which help you to afford more home for your money. We can address any surprises and discrepancies that may be present on your credit report and possibly even boost your credit scores with our credit correction services. This will help you to obtain a lower interest rate or help you qualify for a bigger home.
Contact us or apply on-line now to become pre-approved and start the search for your dream home!
Take a moment to read through Our Process to gain a better understanding of the flow of the mortgage process.
From all of us at Home Lending Solutions, congratulations and welcome home!
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