Is 2013 the year you make the leap to homeownership? Before you start looking, it is important that you consult with a mortgage professional as soon as possible! Check out this video by Don Shanley with the Shanley Team at Inlanta Mortgage “What to Expect if you are a First Time Homebuyer” and visit my website to complete the application (click here)…it’s that simple!
Why do I recommend working with Don Shanley and his team of experts? Simple…they are as Client Service driven as I am. I had a previous client interested in purchasing a home, they emailed me on SUNDAY morning that they had completed the application, by 2:00 p.m. SUNDAY afternoon, they had been contacted and their situation discussed and they knew exactly what they needed to do to qualify to purchase a home by 2014…that is CLIENT SERVICE. Click here to be introduced to the team at Inlanta Mortgage.
So back to Pre-Qualifying…this will tell you how much of a loan you can qualify for and the monthly payment amount you are able to afford, this gives you the first number, the second number is how much you want to spend. Why are these numbers different? They aren’t for everyone, but reality is that when I bought my home 6 years ago, I qualified for a mortgage of $190,000! As a single woman, the idea of spending that much on a home meant no vacations, no dinners out, well you get the idea…I decided that I wanted to spend $125,000 and ended up purchasing at $123,000. The pre-qualification process outlines your finances – your debt, income, employment, and cash available for down payment, among other things. It’s quick and basic.
Working with a Realtor (that would be me!) and with your pre-qualification letter in hand, the advantages are yours once you find the house you want to make your next home. Your pre-qualification will make your offer look even better to the seller, they don’t have to worry that they are wasting their time, they will know that you are ready to buy their home!
Are you ready? Just want to see what properties are available? You can search on my website for homes, just click here to get started!