|
Take Advantage of Loan Pre-Qualification
|
|
The Advantages |
| √ |
Know how much house you can afford. |
| √ |
Know how much cash you will need for the down payment. |
| √ |
Simplifies mortgage approval. | | |
A number of factors determine the price range of homes you'll want to preview - one of these factors is loan pre-qualification.
According to SmartMoney.com, seek pre-approval for a mortgage before you make an offer as "sellers are more likely to entertain a low bid if you already have financing."
Items considered when pre-qualifying for a mortgage loan include:
-
Employment History
-
Credit History and Scores
-
Monthly Income and Expenses
With our knowledge of the mortgage market, Barefoot Realty Group will help you make an informed decision as to the type of loan you'll want. There are many different types of loans to consider, and we'll help you find the best loan for your situation.
|