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!
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.
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