If you are thinking about purchasing a new home, don’t wait until you find the perfect home to get pre-qualified!
Make sure you find out how much you can qualify for, interest rates available and your debt to income profile is appropriate before you make any offers. This helps insure that you not only choose a home in the right price range, but help avoid falling in love with a home that you can’t afford!
Another great reason to get quaified as early in the process as possible is to insure the fastest closing possible. Even though home prices have fallen and the housing market is challenging you will find multiple offers on the home you like and you will be at a disadvantage if you have not secured your financing, pre-approval and funds to close. Your offer does not have to be the highest necessarily, just the best one. If there are multiple offers, you may be at a disadvantage if you are not able to show your ability to close. Don’t wait until the last minute!
We have home purchase specialists standing by that can give you FREE home purchase finance advice or a pre-qual. Feel free to check Today’s Lowest Mortgage Rates on our Live Pricing Engine or Contact Us directly.
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Art Bermudez has written 55 articles on Choicelend.com
