Pre-ApprovaL:YOUR 1st Step In Buying A HomeIn many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to
Your First Step in Buying a Home
In many markets across the country, the number of buyers searching for their dream homes the number 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.
Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach.
One of the of working with a local real estate professional is that many have relationships with lenders who will be able to help you through this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding
describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow:
1. Your current and future ability to make your payments
2. The money, savings, and investments you have that can be sold quickly for cash
3. The home, or type of home, that you would like to purchase
4. 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.
Many potential homebuyers overestimate the necessary to qualify for a mortgage today. Colorado offers benifits to first-time buyers, including down-payment assistance. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so!
If you have questions or are
If you have questions or areready to start your home search--Text CROMWELL to 85377 and start making your real estate goals a reality!
Hello! I’m a Broker Associate/REALTOR® specializing in buyers moving in Denver, Colorado. I’m an Arizona transplant, and have lived up and down the west coast from San Diego to Seattle. I have fo....
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