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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You have likely been shopping around online, and now you are feeling ready to start seeing homes.
You should be obtaining a pre-approval letter from your mortgage planner.
Your credit will be one of the key factors in determining whether or not you are approved.
It’s in your best interest to not be in a hurry and make a list in advance of any questions or concerns.
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.