Do I need to be pre-approved before house hunting?
This is something that is always recommended for two
much they can qualify for and what the proposed monthly payments are going to be in order to know with confidence that they can afford whatever house they are interested in.
The 2nd reason is that a seller heavily weighs their decision on the buyer and the terms negotiated based on their confidence of the buyers' qualifications and ability to close. If the seller doesn't feel comfortable with the buyers' ability to perform, they may not accept your offer at all and if they do, they might not give you as good a deal. It is very important to know what your budget is before looking for a house and just as important to be able to professionally represent your qualifications to a seller to give you the best chance of getting your offer accepted.
Blog Archive2017-07-14 10:45:41
Home Buying Myths Slayed!
First time home buyer, how do I apply for FHA?
The Impact Your Interest Rate Makes
5% Down With No PMI?
Do You Know the Cost of NOT Owning Your Home?
What is Mortgage Insurance?
Real Estate Mogul: Here’s Why You Should Buy
Slaying Home Buying Myths
Buying this Spring? Be Prepared for Bidding Wars
What Are the Experts Saying about Mortgage Rates?
4 Great Reasons to Buy This Spring!
7 Steps to Staying Mentally Sharp After 60
Do You Know How Much Closing Costs Will Cost You?
Do You Know the Real Cost of Renting vs. Buying?
First Comes Love… Then Comes Mortgage?
Preparing Your Home for a Loved One with Alzheimer
DIY Safety Tips for Seniors
Is This the Year to Move Up to Your Dream Home? If
Modifications to Make Aging-in-Place Safe
You Need a Professional on Your Team When Buying
Inadequate Inventory Driving Prices Up
The Fed Raised Rates: What Does that Mean For You
Building Your Family’s Wealth
Buying is Now 37.7% Cheaper Than Renting in the US
Why Are Mortgage Interest Rates Increasing?
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