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Step 1: GET PRE-APPROVED
Choosing the right lender and obtaining pre-approval or pre-qualification is absolutely the most important step in the purchase process! In today’s market, being pre-approved for a loan can be the difference between getting your dream home, and losing it to another buyer.
The seller will know you can afford their home, and you will avoid the painful process of falling in love with a home, only to find out that you can’t afford it.
The pre-qualification process is quick (usually less than half an hour) and most lenders will do it for free. Most will even pre-qualify you over the phone or online.
Talk to a lender you trust, or call me for a referral, but do it before you start shopping so that you will be ready to go when we find the right house!
 Click here for a list of my favorite lenders
Be sure to ask your lender to mail or fax to you a Good Faith Estimate. This will break down the lenders charges for the loan and will enable you to compare their fees to those of another lender.
If you not satisfied with the response from the first lender you contact, I encourage you to get a second opinion. Please feel free to contact me for a referral to a trustworthy lender.
Once you have been pre-approved for a loan it is critical that you do not make any major purchases or changes in employment. This will have an effect on your ability to obtain a loan once you find the right home.
Contact me if you have any questions regarding getting pre-approved or pre-qualified for a loan!
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