Getting a Loan???

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If you are about to begin your search for property or even have already started casually looking and you are planning on getting a loan, stop what you are doing and go get pre-approved!

There are different ways you can go about doing this.  You can call different lenders or go to your bank you currently are with.  You definitely want to call around to check your options and see what they offer in terms of interest rates and closing costs.  See who YOU are more comfortable with.  Don’t be worried about your credit score when talking with different lenders.  They say you typically have around 45 days to “shop around” for lenders without it affecting your credit score.

If you are a first-time home buyer, different lenders may offer programs to assist you financially.  Do you think your credit is not good enough?  Well, first of all-you never know until you call and see, second of all-some lending offices offer credit repair programs.  Even if you don’t fit into these categories, lenders sometimes run different grants where they are giving you free money to help with closing costs that you DO NOT have to pay back-see if they offer these grants.

There is a difference in getting pre-qualified and pre-approved.  Pre-qualified is not an official go-ahead for a loan.  That is their quick way of saying “yeah, you should be able qualify for a loan for x amount of dollars.”  Pre-approved is what we need in order to move forward with making an offer on a home you love.  You don’t want to miss out on a home just because you waited to get pre-approved.

So, don’t wait!  Get it done ahead of time and ask the lenders anything you are concerned about.  Don’t know where to start?  Give us a call, we are happy to help and give recommendations for your property buying process.  Contact us

Remember we are not mortgage brokers and are not experts in the lending field.  Please consult a lender of your choice to ask specifics about your situation.