Looking For Approval

As homebuyers begin their search, they can help themselves by getting a pre-approval analysis from the bank/lending institution. This will help them estimate what size mortgage they can afford. When they are ready to make a purchase commitment, buyers can go on to the next step, which is pre-approval of their loan. This more formal process usually starts with agreement on a certain type of mortgage and the down payment amount. The bank will want verified information about the prospective borrower's employment and finances, and will also run a credit check. Once pre-approval is granted, buyers can impress upon sellers the fact that they are serious, can afford the purchase price, and have a commitment to a mortgage.

Hint: The equity Americans have in their homes represents roughly half the net worth of the average home-owning American family.

A real estate professional can assist you with obtaining a pre-approval from a lending institution. This document can increase your negotiating power when you make an offer. With that document in hand, you will know what price range you should realistically consider. Your agent can meet with you regarding your options and show you homes that you can afford and that will meet your needs. At VantagePoint Realty, I can confer with you regarding your options and show you homes that you can afford and that will meet your needs. Let my years of experience work for you!

Call Stephanie at 518-392-8484

And visit us at our website: www.ColumbiaCountyHomes.com

E-mail me at: Stephanie@ColumbiaCountyHomes.com