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Pre-Approval Process

If you found your ideal home today - are you prepared to make an offer?  Having a pre-approval is key to getting your next home.

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Unless you are able to pay cash for your home, most buyers will need to go through the process of applying for a mortgage. By contacting a mortgage loan specialist before you begin your search, you are able to determine the amount of loan for which you qualify. Typically, a borrower is pre-qualified for a loan that amounts to 28%, or less, of their gross monthly income.

 

In addition, if you know the amount of the monthly payment you would be comfortable paying, a mortgage specialist can calculate the price range for your home search. Getting pre-qualified for a loan also increases your chances of your offer being accepted. A seller is more likely to accept an offer from a buyer who already has funding versus one who still needs to get a loan.

Choose A Lender

Be ready when you find your ideal home.

Click to see a list of recommended lenders.

Understanding the Full Cost

Most home purchases require a down payment, but there are other associated costs many buyers are unprepared for,  Click here to learn more.

Contact Pete
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