Buying a home is the largest purchase most people will ever make. The question of when to speak to a mortgage professional sometimes doesn’t occur to new home buyers until they find a home they are interested in and then it is too late!
The first step in the house hunting process should be a conversation with me. This is called a Pre-Approval. I will help you figure out how much of a monthly payment you feel comfortable with and can afford. I will do this by looking at your income and debt structure, where you currently work and live and how much you have available for a down payment, closing costs and other expenses associated with buying a home.
Once I have reviewed all your loan documentation I will present you with a Pre-Approval Letter you can give your Realtor. The Realtor may call it a “Pre-Qual.” The letter states you have been PREAPPROVED for a home loan under our BUYER READY PROGRAM. This puts you in the best position to expedite closing of your loan. Your file has been conditionally approved based upon the review of an acceptable credit report, verified bank statements with sufficient cash to close, a completed loan application, verified employment and/or income as of the date of this letter.
When you find your dream home, having a Pre-Approved Home Loan gives you and your Realtor a certain amount of confidence and a definite edge in the market place. First it will help your Realtor focus on homes within your budget and your ability to finance. Secondly it will give a seller the confidence that you are Pre-Approved and serious about buying their home. Many times, sellers look closely at the Pre-Approval and the lender behind the Pre-Approval when considering multiple offers on their home, after all, you are ready to buy a home. My website has a Pre-Qualification form you can easily fill out and transmit to me electronically. Call Me Today 916-722-0395, Email Me Today firstname.lastname@example.org or visit my website www.kathleenbeck.com Let’s start you down the road to home ownership now!