Getting
Pre-Qualified Most Real Estate Agents and Lenders recommend that home buyers get
pre-qualified before selecting a home to purchase. This way you will
be prepared to preview and negotiate your home purchase with confidence.
Reasons To Get Pre-Qualified …
·
With
pre-qualification you can determine which loan program best fits your
needs. (List of loan programs to follow)
·
You
will know exactly how much you are qualified for. It’s no fun
to find your "ideal home" and then find out you can not
afford it.
·
It
allows you to see what the down payment and closing will be.
·
If
you are a first time homebuyer, you may be able to qualify for a special
first time homebuyer program, saving money or allowing a larger purchase
price.
·
Meeting
with your lender to preview your financial options prior to shopping
for your new home affords you the opportunity to consider what you
really want and need before the emotions of purchasing your home engage.