Get Pre-qualified!
Before we can find the perfect home and negotiate the best price and terms, we have to tackle the most difficult part of the transaction - finding out how much house you can afford and the perfect loan for that house. To present the offer on the home you want successfully, you must have a solid loan pre-qualification letter.
Every homebuyer should do comparison shopping among lenders. I can refer you to several reputable lending institutions or mortgage brokers as well. Once you've made a choice, the loan officer will take your application and have you sign all the necessary papers to authorize credit and employment verifications.
Request periodic progress reports to make sure that all of the details are taken care of. These reports will help to ensure that any potential problems are discovered and addressed before they can threaten the timeliness of the transaction.
You will find the home buying process much less stressful when you know you can afford that special property. Loan pre-qualification puts you in the driver's seat!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment