Most Real Estate Agents and Lenders recommend that home buyers get pre-qualified with a lender before selecting a home to purchase. This way you will have the best information about the right price range for your pocketbook.

 

REASONS TO GET PREQUALIFIED....

 

1. With pre-qualification, you can determine which loan program best fits your need and which programs you qualify for.

 

2. You will know exactly how much you are qualified for. It's no fun to find your "ideal home" and then find out you can't afford it.

 

3. Your monthly payment will be set. This will allow you to budget your money before making this large investment.

 

4. It shows you what the down payment and closing costs will be.

 

5. If you are a first-time buyer, you may be able to qualify for a special first-time buyer program which may allow you to afford more home for your money.

 

6. Your pre-approval letter from your lender is required at the same time when you submit an offer.