The excitement of searching for houses and condos is awesome. The key factor for this whole process is getting a pre-approved home loan.
When you are pre-approved you, you will know your price range, mortgage loan options and what your payments will be. That should set your mind at ease and keep you focused.
The Dream of Home Ownership Starts With Proper Planning on Financing a Purchase
While most of us have spent a great deal of time imagining our dream home. The yard full of roses encased by a white picket fence. Or an elegant staircase climbing around and around.
Your home loan is really one of the critical pieces of the home buying process.
Get it done first.
It will end up saving you hours of time searching for a home online and in person when you know how much you qualify for.
Lending has changed in the past few years. So, taking this step is the best financial move you could make.
Should You Be Pre-Qualified or Pre-Approved?
- Pre-Qualification letters are given as informal and tentative approvals for buyers; however, they would NOT have verified the accuracy of your information.
- Pre-Approval letters are formal agreements and offer buyers’ a guarantee of loan approval for a specific amount. The financial institution issuing such a letter may or may not charge for this service. They will verify credit history, employment status, assets and liabilities to help determine the amount of credit they are able to offer. If you are a serious buyer, this is the suggested “pre” letter to obtain FIRST before you view homes for sale.
By submitting this form with your telephone number you are consenting for ONE lender from either Cherry Creek Mortgage, Citywide Home Loans or Movement Mortgage to contact you for financing. Jay Valento, Your California Realtor® Realty ONE Group Diamond and a lender may contact you even if your name is on a Federal or State “Do not call List”. When you have questions, call Jay at 562-413-7655.
Thank you for submitting your information. We will be in contact with you by phone or email.
- Pre-Approved Home Loans today and then you have an advantage over other home buyers that are just “pre-qualified”.