Monday, January 13, 2014

Did you know there is a difference between Pre-Qualification & Pre-Approval?

http://www.batonrougerealestatedeals.com/finance/

Pre-qualification and pre-approval are two of the most important steps you can take towards owning a new home. Obtaining both pre-qualification and pre-approval allows you to begin searching for a new home with your potential loan established and accepted in advance.
Pre-qualification is the first step to securing financing. During this process, we will determine the best loan options for your financial situation. Pre-qualification is quick and involves answering only a few questions about your income, existing debt and accumulated savings. It is also important that we discuss your long-term financial objectives. With so many loan options available, we want to select the one that meets your goals. With this information and your consent, I can access your credit report and begin to determine which loans are the best candidates for your current financial situation and long-term objectives.
Pre-approval occurs immediately after we determine which loan program would fit you best. This is written documentation showing that a lender will fully support and endorse you for a loan amount established by the underwriter. To set that limit, we submit a form 1003 Uniform Residential Loan Application containing the information you supplied during the pre-qualification process.
With a pre-approval in hand, you can shop as a cash buyer! This gives you strong negotiating power because the seller will take your offer more seriously. A lender's pre-approval will often convince the sellers to accept a lower offer for the home because they know the financing is in place and the deal is safe.
Secure your pre-qualification and pre-approval today and start shopping for your new home. If you have any questions, please contact our preferred Lender at 225-303-9244 or justin@eustismortgage.com.

 Find your Baton Rouge Home Today!

http://www.batonrougerealestatedeals.com/search/


Cindy Allen Fekete, Licensed in the State of Louisiana, USA #SALE 9956330
LouisianaHomesAndLand.com -Owner/President 225-571-8667
Evan Fekete, Licensed in the State of Louisiana, USA # SALE 99562001
LouisianaHomesAndLand.com CEO 225-717-8185
Kim Tregre, Licensed in the State of Louisiana, USA #Sale-995686296
LouisianaHomesAndLand.com Buyer's Specialist
Keller Williams Realty Red Stick Partners, Baton Rouge, LA 70810 (225)768-1800
Each Office Independently Owned and Operated.


Baton Rouge Real Estate, Louisiana Homes and Land, Homes for Sale in Baton Rouge, Homes for Sale in Ascension, Dutchtown Homes for Sale, Baton Rouge Home Values, Baton Rouge Luxury Homes, Country Club of Louisiana, Santa Maria, University Club, LSU Homes for Sale

 

No comments:

Post a Comment

Homes in White Oak Landing Subdivision in Baton Rouge, La

Homes in  White Oak Landing Subdivision -  Baton Rouge LA Why Do People Live Here?  White Oak Landing subdivision in Baton Rouge LA offer...