Getting Qualified      Searching      Offer & Acceptance      Inspections      Closing

Qualifying for a loan should be every home buyer's first step. Even those who have purchased many times in the past will agree that if you plan to finance a portion of your purchase getting qualified first is a must. 

Choosing your lender:  

Many people in the industry will agree that a referral is probably the best way to meet a new lender if you do not already have someone you are familiar with. Your Realtor® more than likely has worked with many lenders in the past and can recommend a lender he is comfortable with.

Benefits of Pre-Qualification:

Maximum Loan Amount - When you have been pre-qualified for a loan your lender has reviewed your income and debt ratios and can give you a good idea as to how much money you will be able to borrow. Most lenders can also give you an estimated monthly payment on the loan amount you have been pre-qualified for. This eliminates the guess work. You know how much you can afford and how much of a home you can purchase.

Stronger Offer - Another very important benefit to being pre-qualified for a loan is to strengthen your offer. When a buyer submits a loan pre-qualification with an offer it shows that the buyer is serious, realistic and ready to purchase.