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Wayne Curtis

Agent


Get Pre-Approved

Most mortgage lenders take the guess work out of applying for a loan by figuring out for you the amount you can afford to borrow. Then, they give you a printed document stating the maximum mortgage amount you qualify for based on your particular finances and income.

Get Pre-Approved

Mortgage pre-approval establishes your price range and strengthens your buying position by letting the Seller know that you have already been approved for the loan. It can also ease time constraints once the purchase agreement in signed between Buyer and Seller.

Wayne can refer you to reputable, trustworthy mortgage professionals with whom he has worked for years. People that he trusts to do the right thing for his clients. Don't hesitate to ask!

What's the advantage?

Let's say you and another agent are out looking at homes. That agent never mentions that you should get pre-approved and just ballparks what you can afford. Of course, the more house s/he shows you, the better s/he usually comes out. You find the perfect house and work out a deal with the Seller. Three weeks later, the lender informs you that the house is $10,000 over what you qualify for and does not approve your loan. The Seller has already bought another house. You've given notice where you're renting and told all your friends about the great house you bought. And then, there's the money you've already spent on inspections on a house you can't own!

Or, you and that other agent discover a new listing comes on the market that's priced right at your "ballpark" figure, and has got everything you've been looking for. You write an offer. Your are informed that another offer is coming in and the Listing Agent will have to present both offers simultaneously to the Seller. The other Buyer is pre-approved for his loan. Whose offer do you think the Seller will negotiate first?

Should You Get Pre-Approved for a Loan First? Most Definitely!

For more information on getting pre-approved let me know.