It is actually very easy. A pre-approval involves you talking to a bank loan officer or mortgage broker. They will gather some information about your needs, your desired monthly payment, and also gather information about your current income. They will run a credit report, and based on all the information they gather, they will determine how much financing you qualify for, and what interest rate that they can acquire for you. This is a very important step in the home buying process. Sellers take … [Read more...]
Must I Be Pre-approved To Visit Sarasota Properties?
It is not mandatory from most agents, however it will definitely show the agent that you are indeed a serious buyer. Also, having a pre-approval letter issued from a lender GREATLY improves your ability to negotiate a better deal with the seller, and really streamlines the time it takes to reach a signed deal! If you find the perfect house, you really don't want to wait a day or two just to get a pre-approval letter (the house may be sold to someone else in the meantime!) With all that being … [Read more...]
