Jan 25 2016 18058 2

Jan 25 2016 18058 2

If you're considering the purchase of a new home, you may be concerned with the issue of finance.  Getting pre-qualified is the first step, and the right mortgage is key in the home buying process.  Most  lenders offer pre-qualification, pre-approval, or both , so you know where you stand.  I'll explain the difference.

PRE-QUALIFICATION is a preliminary estimate of how much you can afford to pay for a home based on information you provide.  Credit and employment information are not validated, it's only a rough idea of a monthly mortgage payment and loan size.  It is a useful guide as you begin the home buying process.

PRE-APPROVAL is a written communication from your lender to finance your home purchase up to a set amount,  The lender has taken a close look into your financial history and has agreed to lend you a specific amount of money, based upon a finalized sales contract and a professional home inspection.  Pre-approval indicates to the seller that you are a serious home buyer.

Regardless of which option you choose, or even if you take both steps, you and your Realtor can shop with confidence.  Why wait until you find the perfect home to discover problems with obtaining a mortgage? 

If you'd like more information on the lo an process or buying the home of your drams, just call or text 502.648.1918.


  


Bob Armstrong Headshot
Author:
Phone: 502-648-1918
Dated: January 31st 2016
Views: 138
About Bob: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

OPEN HOUSE At 14110 Greene St NE Palmyra - Tammy is so excited to show you
Make This Valentines Day Special - Valentines Day is only 7 days!
Luxury Log Cabin Living - Luxurious log home living is
Home Sales Up But Inventory Low March 23 2016 -         ; (

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Indiana
7708 Frank Ott Rd
Georgetown, IN
812-813-4007