Getting Prequalified

This is a great time to be in your new home for spring & summer season ahead. When you are prequalified, you are already ahead of most of other buyers. Here are some reasons to get prequalified:

• With prequalification, you have plenty of time to determine which loan program best fits your needs and which programs you quality for.
• You will know exactly how much you are qualified for. It's no fun to find the ideal home and then find out you can't afford it
• Your monthly payment will be set. This will allow you to budget your money before making this large investment.
• You will learn what the down payment and closing cost will be.
• If you are a first-time buyer, you may be able to qualify for a special program which may expand your buying power by giving you a lower rate or supplementing your down payment.
• If you feel that you can afford a higher mortgage payment but are no able to meet qualifications, co-mortgagor financing may be available to you.

Most Real Estate Agents & Lender recommend that home buyers get prequalified with a lender before selecting home to purchase. This way you will have the best information about your price range.

For any questions feel free to contact us, we have been in business for long time and work with some of the best people out in Mortgage industry. Thanks!