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Thursday, June 25, 2009
The Benefits of Being Pre-Qualified
When looking for a home, the first step is to 'Show me the Money'!! You can not be helped to purchase a home if you have not been approved by a lender/bank. How do you know what your price range is? If you are not paying cash, you have to know how much a bank is willing to lend you before you start looking. 9 times out of 10, Buyers look for houses first and find a home they like, tell friends and family then apply for a loan only to find out that they will not get pre-approved.
The benefits of getting pre-approved before looking for a home are:1. You know how much a mortgage broker/bank is willing to lend you.2. You know how to determine the price range of the home you are looking for.3. A Seller will take your offer seriously if present the letter proving the amount you are prequalified for with the offer.4. Even if you can not buy at this time, the mortgage broker/bank will give you a list of issues to correct and an idea of what your time frame is to buy when the corrects are made.
Thanks to Terri Copeland (Affordable Advantage Partner)
terrilovesrealestate@gmail.com
The benefits of getting pre-approved before looking for a home are:1. You know how much a mortgage broker/bank is willing to lend you.2. You know how to determine the price range of the home you are looking for.3. A Seller will take your offer seriously if present the letter proving the amount you are prequalified for with the offer.4. Even if you can not buy at this time, the mortgage broker/bank will give you a list of issues to correct and an idea of what your time frame is to buy when the corrects are made.
Thanks to Terri Copeland (Affordable Advantage Partner)
terrilovesrealestate@gmail.com
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# posted by 
: November 17, 2009 8:13 PM
: November 17, 2009 8:13 PM 
