Getting Pre-Approved Should Always Be Your First Step

 

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach. One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you with this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.” Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted. Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so.

 


Kathryn Gorham / Green Key Realty / Emerald Isle, North Carolina / www.HomesEmeraldIsle.com

2010 President Women’s Council of REALTORS® Crystal Coast Chapter
pld28594@hotmail.com cell · 252.354.2958 office
Southern Outer Banks NC | Crystal Coast NC | Coastal Carolina
 

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