Whether you’re buying or selling, being prepared is key. The first step you must take is to qualify for a loan and determine your buying power. This will pave the road to a smooth buying process. Pre-qualifying with a lender will give you an idea of what type of loan program is best suited for you and what incentive or down payment programs are available for you specifically.
This can give you a big advantage at different stages of your house hunt, from helping you prepare your budget and set your expectations, to strengthening your negotiating position with the seller when you’re making an offer on a home.
In fact, in today’s market, most sellers will not accept an offer without a loan pre-qualification letter. Without it, the seller might be concerned that he/she can’t count on you to qualify for your loan. Being pre-qualified can give you the needed edge over competing offers. Contact us today to connect you with our network of lenders.