Prequalify

Being pre-approved is a big advantage because it shows the seller of the house that you are serious about making a purchase. Being pre-approved also allows you to act quickly once you find the perfect house. You do not have to wait around for time-consuming paperwork to be completed and risk having the house that you want to buy being sold to someone else who has already been pre-approved for a loan.

Purchasing a home should not be a hurried process. Purchasing a home is generally the single largest purchase that you will make in your entire life. Because of this, you should take your time to calmly decide on the best home and best mortgage options for your situation. A typical home mortgage can last anywhere from 15-30 years, and as such, it will be with you for a long time to come. Completing the processes of getting pre-qualified and pre-approved takes a good deal of time, so the sooner you get started, the quicker you can see how much you can afford and which price markets to shop for a home.

It is recommended that you complete at least the step of being pre-qualification before you start looking at homes that are for sale. This will save you and your realtor time, by permitting your realtor to not show you homes that you cannot realistically afford to purchase.

Buying a home is an important decision. And, as with anything in life that is this important, you need to take the time and invest the effort to learn all you can, so that you can make the best possible decision for your own personal situation.

Let us find the best mortgage professional for you! Please complete the form below to prequalify for a home loan.