Want to sell your home? Get a FREE home value report.
Want to buy a home? Search all homes for sale.
When you begin the home buying process, it’s important to know that it’s all about the money. Most buyers get money for their homes through a lender. Before you even start looking at homes, you should talk to your lender and get pre-qualified.
The rule in real estate is those with the gold make the rules, so you have to fit into what the lender is looking for. Lenders will look at your credit, debts, and what you can afford to pay for a new house each month, including property taxes and insurance.
Lenders can also give you a pre-qualification, which is a letter that confirms you are able to afford a certain amount. For a pre-qualification, the lender will ask for basic information, like your debt-to-income ratio. You can present this letter to the seller when you make an offer.
“
Go a step further and get a pre-authorization.
”
You can also go a step further and get a pre-authorization. In this case, the lender has done everything; they’ve checked all your documents and you are pre-authorized to make an offer. This is much stronger than a pre-qualification.
Contact me and I will direct you to some local lenders who will give you competitive rates. Then, you can have your pre-qualification or pre-authorization letter in hand when you find your perfect home. With a pre-qualification or pre-authorization letter, you can make an offer even if it’s a Sunday afternoon and all the lenders are away at a barbecue!
If you have any questions, give me a call or send me an email. I would be happy to help you!