The first step in buying your home is to get Pre-qualified. In-fact, nearly all sellers, including REO’s, Short-sales, and Flippers will demand to see a Pre-qualification Letter at the time you submit your offer, or it won’t be accepted.
In today’s market we often hear comments like, “well, lenders just don’t want to lend money these days”, or, “it’s impossible to get a loan, you must have perfect credit”. These aren’t accurate statements. Although it can be difficult to get pre-approved for a loan, most borrowers who have decent credit and a steady form of income can get approved for a loan. The first step in this process is to give us a call for a free pre-approval consultation. This will determine how much you can afford, what type of loans are available to you, and how much money you’ll need for your down payment.
Finding out how much you can afford, before you start shopping is critical. This will save you the heart-ache of having your offer turned-down, because you are not Pre-qualified or worse yet, having your offer accepted, just to find out that you can’t buy the home. Once you have established your purchase price, you’ll be able to develop a game plan to buy your next home. Even if you determine you need a co-borrower, or a gift for your down payment, you can now create the necessary action steps to accomplish you goal. We even offer a free “First Time home Buyers Class”, if you feel you would benefit from a little more knowledge before embarking on your first purchase.
So, whether you’re an investor or a First-time Homebuyer, give us a call and we’ll discuss your options and put you on the path to buying that new home.