Get a Mortgage Pre-Approval
An important ingredient in a successful home search is knowing how much you can afford. You don’t want to fall in love with a property only to find out it’s outside your price range.
That’s why I recommend getting a Mortgage Pre-Approval. In fact all offer’s in todays market must be accompanied by a Pre-Approval or proof of funds if paying cash. A document from your bank or other lender stating how much of a mortgage they are willing to give you serves two purposes:
- It gives you the peace-of-mind of knowing you can afford homes you view on the market, and won’t have problems arranging financing.
- It’s a sign to sellers that you are a serious, prepared buyer – which gives you the edge when making an offer.
You can arrange for a Mortgage Pre-Approval by contacting any one of the following awesome mortgage lenders:
- Matt Garcia at Supreme Lending 678-523-0981; email: matt.garcia@supremelending.com
- Cheryl Cater at Waterside Mortgage 404-702-7444; email: cheryl@watersidemortgage.com
How Much Home Can You Afford?
Banks and lenders use specific criteria to determine how much of a mortgage they’re willing to offer you. They look at your income, expenses, credit history and employment status, as well as the down payment you plan to make on a home. It may seem like a scary process, but it is actually straightforward. You can usually get a Mortgage Pre-Approval in a day. You’ll be glad that you did.
Have questions about arranging financing? Please submit the form below or call or email me.
