When you start to look for your new home, one of the first and important steps is to get Pre-qualified with the lender. This is instrumental for these reasons:
To check that you are looking in the right price range.
To assure us that the lender will loan you the money.
To have the Pre-qualification letter for the seller.
To have more leverage in negotiating your offer with the seller.
The Pre-qualification process assures everyone in the transaction that you are ready to buy and can buy. A Pre-qualification Letter is generated by the lender for us to use.
It is highly recommended that you start your loan process when beginning your home search so that you can have this credit approval during the search period and negotiating the contract to purchase. It will give you the extra negotiating power when presenting your offer to the seller.
From my experiences, I would recommend the following lenders for the Pre-qualification and Loan Process. Please check them on my website at www.JoanRaley.com under Mortgage Corner/Mortgage Partners.
These folks have been in the mortgage loan and real estate industry for years. They are very experienced, give excellent service and are competitive. This is all for your benefit!! We will be happy to work through this process with you to assure that you get the best loan and service!