The First Step Is pre-approval, Click to send a pre-approval email request thru firstname.lastname@example.org
Here are the benefits:
*You look at homes within your approved price range.
*You close quicker, if desired
*You are in a stronger negotiating position
It is very important to be pre-approved so that when you start your
home search- you are able to identify the houses that will meet your
banks loan criteria and then the seller will be more likely to accept your offer.
There are a slew of Mortgage Programs from 100% programs to investor deals
but you must meet the qualifying requirements. Call me to help you locate
a lender and a program that will be best for you.
Obtain a Free Approval - Feel free to call
any of the preferred mortgage partners
PreQualification VS Preapproval
When purchasing a home many home buyers get pre-qualified by
calling a lender or agent and verbally telling them about their
income and debts. The lender or agent can usually obtain a
ball park qualifying figure on what the client should be able to afford.
The difference is with a preapproval accounts are verirified by the
client faxing, emailing, or bringing in proof of income (pay stubs,
bank staments, W-2's, and tax returns) and the lender obtains a
tri-merge credit report for the buyer. After finding out what the
client spending habits are then a preapproval letter which normally
can include the qualyfing amount for sales price, down payment
requirements, loan type, and potential approved interest rate is issued.
By obtaining a preapproval you can gain leverage in negotiating a
contract and some sellers will strictly demand to only deal with
Call me if you would like to discuss financing options or any other topic:
Closing cost assistance
Down Payment assistance
Current Mortgage Rates
State programs - VHDA< SPARC
Rehab and Construction Loans
Investing, Real Estate Flips,
Real estate Tax exchanges
Monthly payments, etc.......
When shopping a real estate website note total payments should include PITI- principal, interest, Taxes, and Insurance and sometimes association fees............
As your agent it is important for you to get Pre-Qualified before you look at homes mainly so I can be sure we have the correct info to put on a contract. Loan type, closing cost credits, down payment amount, etc... ) If you are in need of a mortgage lender or real estate agent call me and I can help you get started TODAY! or see partners page http://www.djonesrealestate.com/featuredpartners/