Buying a home is one of the most exciting events in your life and is likely to be the most expensive purchase that you will ever make. Before you make a commitment, make sure you are ready.

Are You Ready to Be a Homeowner?

It is critical that you consider the many factors involved in owning a home. Have you saved enough money for a down payment?  Are you ready for the additional expenses, like taxes, insurance and maintenance? Are you sacrificing your retirement contributions to own a house? Can you only afford a home very far from work or family?

So, where do you start?

• Getting pre-approved is the first step after deciding you want to be a homeowner.   Your 3 C’s will determine your purchase power: Capacity, Collateral and Credit. Consulting with a loan officer in the beginning will keep you within these limits and ultimately save you time and frustration while shopping for a home.

• New guidelines require full documentation for loans sold through the prime markets forcing lenders to double up on their standards.  Consulting a loan officer upfront can help eliminate potential speed bumps in advance that could hurt your approval. The last thing you want to do is get too far into a purchase transaction and have to back out because of an issue that could have been anticipated.

• Strengthen your offer. Realtors will generally ask for a pre-approval before working with you, but Pre-approvals can also help your chances of getting your offer accepted ahead of others when multiple offers are present.

Make shopping for a house easy. Contact us for a free consultation and receive “a same-day Pre-Approval”.

We just need:

• Application
• Past 2 years tax returns
• Current paycheck stubs
• Account statements for the down payment
• Credit report