We all know that buying a home is one of the most important purchases in a person's life and deciding on a particular house requires thoughtful planning and decision-making.
The first step is to get pre-approved by a local lender. By doing so you will have knowledge of the following.
- What your approximate monthly house payment will be
- The price range of the home you can purchase
- How much down payment, if any, that you will need or want to put down
- What are your approximate closing costs
- That you can confidently go out and search for homes and put an offer in if you want
- What kind of loan program will be good for you based on your wants, needs and desires
As a real estate agent my job goes far beyond finding you the right home for your lifestyle. In fact, it's after the house hunt that you will need me most to structure and present your offer and then troubleshoot any issues that erupt between contract and closing. Having your pre-approval letter to include with the offer is good practice because it shows the seller you can likely afford what you are offering.
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