When purchasing your first home, you should follow the first steps in the homebuying process. First, you should be obtaining a pre-approval letter from your mortgage planner. This should be done before any house hunting takes place, whether it be in person, over the phone, or online.
A mortgage pre-approval letter is a written statement saying that you should qualify for a particular mortgage program up to a certain loan amount. While a pre-approval does not guarantee your loan, it does provide several benefits to your home search. Here is a breakdown of those benefits:
In today’s competitive housing market, an increasing number of sellers and listing agents are requiring that home offers be accompanied by a mortgage pre-approval letter. Keep in mind that pre-approval letters are only good for a certain amount of time, so you should plan your home search accordingly. I would be happy to meet with you soon to plan the next steps toward your first home purchase. Call me, Keisha Tompkins today.
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Keisha Tompkins is the Realtor® who has the ability to strategically create the right marketing solutions to get your home sold. Keisha Tompkins has a strong knowledge of the current market trends and networks with thousands of area real estate professionals.