Pre-Approval 

One of the most frequently asked questions that I get from Buyers is about Pre-Approval. People want to know why it's necessary, how long it takes, and what all it entails.

Pre-Approval helps you know WHAT you can offer to a seller. It's not just about Budget!!! Here are some of the things your Pre-Approval letter will indicate:

      -Price

      -TYPE OF LOAN

      -Down payment

Those things are important to know BEFORE you start house hunting. Why? Well if you only qualify for an FHA Loan, then you only want to look at houses that would qualify for an FHA Loan. You also want to know how much you are putting down so you know if you have enough for your Closing Costs. Asking the seller to cover closing costs is something that you need to do at the time of the offer. You may also need to increase the purchase price to offset the closing costs due to the competitiveness of this market. The type of loan also has to be marked on the Purchase Agreement. 

This market in particular is all the more reason to get Pre-Approved before you start house hunting. You need to know what you can offer and how strong to make your offer to beat out the other buyers. The Pre-Approval process does not take long. However, if you wait for when you fall in love with a house- chances are multiple offers are coming in with other buyers that are already Pre-Approved. You need this advantage!

Let me help you get Pre-Approved today by directing you to some awesome lenders. Contact me and I will help you get started.

Call/Text: 304-415-0334

Email: spritt@oldcolony.com

Or send me a message via this website