Get a Mortgage Pre-Approval
This is Step 1 in the home buying process. Getting a pre-approval has many benefits. It gives you the peace-of-mind of knowing you can afford homes you view on the market, and won’t have problems arranging financing. And it’s a sign to sellers that you are a serious, prepared buyer – which gives you the edge when making an offer.
That’s why I recommend getting a Mortgage Pre-Approval. This is a document from the lender stating how much of a mortgage they are willing to give you.
You can arrange for a Mortgage Pre-Approval with the lender. I’m well-connected in the local real estate scene, so if you want me to recommend a reputable broker or lender, please contact me.
Which Lender Should You Pick?
Buying a home requires many decisions to be made. Selecting the right one can make all the difference in the world! I will recommend working with a reputable, local lender with a proven track record who is well connected in the Atlanta real estate market.
How Much Home Can You Afford?
Lenders use specific criteria to determine how much of a mortgage they’re willing to offer you. They look at your income, expenses, credit history and employment status, as well as the down payment you plan to make on a home. It may seem like a scary process, but it is actually straightforward. You can usually get a Mortgage Pre-Approval in a day or two. You’ll be glad that you did.
By knowing what you can afford, you can confidently shop within that price range. For example, if you qualify for a $250,000 mortgage, and you have another $100,000 available as a down payment, you can look for homes in the $350,000 range.
Have questions about arranging financing? Please submit the form below or call or email me.