Mortgage Information

It’s Your Money!

Take the steps necessary to get a letter from the lender stating you are “pre-approved” for a loan in a specific price range. It’s important to have this letter before you make a contract offer to buy real estate. Once you’re pre-approved, you know what price range of homes you should be looking at.

This step will show you how much you can afford. This is accomplished by speaking with your financial institution and establishing what monthly payments you will be comfortable with. Mortgage Loan Pre-approval is not just a good idea, it’s a must in todays market! You wouldn’t go grocery shopping without having the money to buy what you want. Doesn’t it make sense to get your loan ready first so you know exactly how much you can spend? Sellers may consider a lower offer if you’re already approved for your loan!

If you’re like most buyers, a home is the most expensive purchase you’ll ever make, and you’ll probably need some form of financing.

There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.

I would be happy to refer you to some very good mortgage contacts I have, or to help you in any other way I can to secure the best possible rate for your home purchase.