LOOKING TO BUY? GET PRE-APPROVED NOW!
Right now in the market, the amount of buyers searching for their dream home greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
One of the many advantages of working with our team when looking to buy is that we have a great relationship with the Maria Jondahl Team for Makretplace Home Mortgage, who will be able to help you with this process. You can fill out a loan application right online.
Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow:
- Capacity:Your current and future ability to make your payments
- Capital or cash reserves:The money, savings and investments you have that can be sold quickly for cash
- Collateral:The home, or type of home, that you would like to purchase
- Credit:Your history of paying bills and other debts on time
Getting pre-approved is one of many steps that will show home sellers that you are serious about buying and it often helps speed up the process once your offer has been accepted.
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Contact us for any further questions.
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