Buying? Know How Much You Afford And Get Pre-Approved Before You Shop.
If you're like most people, purchasing a home is the biggest investment you'll ever make and if you're considering buying a home or have been through the home buying process before, you're likely aware of the complexity of the endeavor. Because of the numerous factors to consider when purchasing a home, it's important to prepare as best you can and work with the best industry professionals available which is what you can expect from the members of Free Mortgage Advice.com.
Take just a quick minute, click here, and fill out our brief home purchase form and a local mortgage professional from your area will contact you shortly and will be happy to assist you with your new home financing!
A Pre-Approval Is The Best First Step You Can Take.
Buying a home can be a daunting endeavor. Take some of the guesswork out of the process even before you see your first home. Here are a few key reasons to know how much home you can afford with a pre-approved mortgage.
- Avoid disappointment when you locate a property you love, but aren't ready to make an offer. Given the current state of the housing market, sellers are very reluctant to accept an offer without a pre-approval. A pre approval puts you in the position you want to be when you find that perfect house.
- Know your limits and buying power. It's as much about what you're comfortable spending as what you are actually qualified to spend. A pre-approved mortgage helps you understand all of the actual costs involved in buying a home.
- Did you know that the credit used by a mortgage company is different than the credit reports you can get online? Guess which one the mortgage company will want to use? You need to make sure you’re seeing the same credit report the mortgage lenders are.
- A pre approval can help you identify potential problems with your credit history. An experienced professional mortgage lender can help you correct any mistakes and even bring your credit score up!
- How much money can you afford to put down? How much should you put down? Your down payment can affect the type of loan you can get and the type of property you can buy. For instance, a low down payment can restrict the type of home or condo you can buy.
- How long will your loan term be? 30 year? 15 year? Knowing the answers before you get in too deep can save you big bucks over the length of the loan, regardless of the term.
- Are you self employed or have a short job history? Many lenders require two years of income tax returns. But often, starting early with a pre qualification we can often find a loan that suits your needs.
- Get peace of mind knowing that you are pre-approved before putting your existing house on the market or renting it out.
Get Started Now.
Take a couple quick minutes to fill out our questionnaire and a local, knowledgeable, mortgage professional will contact you within 24 hours. To learn more about the buying or selling process or mortgage appraisals, visit ShouldIBuyorSell.com.