Friday, June 3, 2016

Why Your Mortgage Pre-Approval is Important Before Looking at Homes to Buy

Buying a home is an exciting time for most people and starting your home buying process off on the right foot is very important for you.  One of the first things we will discuss when you contact us is your financing options.  You will need to speak with a mortgage lender before shopping for homes because you need to know what your loan type will be so we can customize your home search criteria to fit your loan type.

Not every home on the market will qualify for FHA or VA financing and your mortgage loan type will determine which homes you can purchase. The FHA and VA guidelines include income and debt to income ratios as well as specific items that pertain to the home. FHA homes are generally turn key. These homes will have to have a roof that is free of leaks and be under a certain age. The home cannot have any exposed wiring, broken windows, malfunctioning doors etc... 

I am here to assist you and answer any questions you may have. I can also direct you to a number of  local mortgage professionals we have worked with in the past. These mortgage professionals are people we know and trust.

1 comment:

  1. I have read many blogs but never came across such a well written blog.Thanks for posting.
    Mortgage Pre Approval

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