Get Pre-APPROVED!
You do not want to be looking at houses that you can’t afford or even worse, missing out on the houses that you could afford!
This Is the Most Important Item!
Once you are approved you will know what payment you qualify for along with the down payment required, closing costs and your sales price.
Want to Buy a Home? Get Pre-Approved!
Let's say you are out looking at homes with no pre-approval and you find a house you like. You are all excited because this is the house you want and you are ready to make an offer.
You send in the offer but find out that hard way that NO seller is going to take their house off the market for a buyer that is not pre-approved by a Direct Mortgage Lender.
You then stress out and have to hurry up and get pre-approved, if you even can get approved, and take the first deal that comes by because you had no choice.
As The Mortgage Turns! (Soap Opera)
In the mean time while you are out trying to get pre-approved a cash buyer has made an offer on a house, had his proof of funds ready and stole your house from you.
You have to be prepared when you are out looking because this is a serious business with careers, livelihoods, thousands of dollars and sometimes someones retirement on the line.
The Mortgage Preapproval Process!
The preapproval process only takes about 10 minutes online and then depends on how fast you can gather your required mortgage documents.
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Check out the rest our Florida Mortgage University tips for Home Buyers!
Know Your Credit Health |