5 REASONS YOU MUST GET PRE-APPROVED
1. It’s required before you can go view homes. If you are looking for a lender, I
am happy to refer you to someone who can help!
2. You will know in advance what your monthly payments will be.
3. You won’t miss out on YOUR home because you settled for a lower price
4. You can select the best loan package to fit your needs.
5. Peace of mind.
PRE-QUALIFIED vs PRE-APPROVED:
Pre-Qualification is the simple
step of determining how much you
can comfortably afford to purchase
your new home. The lender simply
checks your credit score and your
debt-to-income ratio. This is the
FIRST step in the loan process.
Pre-Approval is when the lender
has copies of your credit report,
paycheck stubs, tax returns,
etc. Your information has been
reviewed and you are APPROVED to
THE 10 COMMANDMENTS OF
BUYING A HOME
Thou shalt not change jobs, become
self-employed or quit your job.
Thou shalt not buy a car, truck or van
(or you may be living in it)!
Thou shalt not use credit cards
excessively or let your accounts fall
Thou shalt not spend money you have
set aside for closing.
Thou shalt not omit debts or liabilities
from your loan application.
Thou shalt not buy furniture.
Thou shalt not originate any inquiries
into your credit.
Thou shalt not make large deposits
without first checking with your loan
Thou shalt not change bank accounts.
Thou shalt not co-sign a loan for