Shop For A Home with Confidence

confidence_onPreparing to Shop for a home with Confidence

Here’s why you should begin with a mortgage credit approval.

Since a pre-approval, unlike a pre-qualification, is based on your specific financial situation, it takes the mystery out of what you can afford.  Not only will it help you understand which homes to consider, it will give any prospective seller more confidence in your ability to obtain a mortgage. (If you end up bidding on the same house as another buyer, your mortgage credit approval might even be the deciding factor in getting your offer accepted.)

Working with several local experienced lenders serving our markets your sales associate can help you find a “LOCAL” lender that will handle your pre-approval which you can typically get the same-day! He or she will help you determine the monthly payment you’re comfortable with and provide you with a mortgage credit decision before you shop for your home. In fact, by using basic information such as your income, debt, assets, and employment history,  working with “LOCAL” experts will generally contribute to a smoother transaction down the road (as opposed to working through an Internet lender who is not familiar with local markets.

You’ll have many financing options to choose from. As part of the process, and your “LOCAL” expert will help you determine which type of loan best fits your situation.  Believe it or not, there are hundreds of programs to choose from. While you probably won’t need to consider more than a few, you should at least compare the advantages of a fixed rate mortgage with an adjustable one.

For Buyers /First Steps/  Buy First or Sell First / Using the InternetShop with Confidence / Making an OfferSimplify the Process / InspectionsGlossaryBuyer FAQ’s

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