Stock image a family touring a new house with a realtor
  1. Home
  2. Blog
  3. How Pre-Qualifying Can Help _ The Homebuying Process

How Pre-Qualifying Can Help _ The Homebuying Process

__ Carl Hamilton
February 08, 2019

By Carl Hamilton, GWB Loan Officer

If you’re in the _ for a new home, may want to consider __ pre-qualified. With a little of prep work at beginning of your search, will find the process _ smoother going forward.

What is a pre-qualification?

This is when a _ looks into your credit, _ financial stability, and your __ to pay back the you intend to borrow. lender will grant you _ pre-qualification letter which means lender feels you have _ high likelihood of being for a mortgage loan. __ a nutshell, a pre-qualification __ a plan. Both you your lender will know _ you actually make an (Great Western Bank’s pre-qualification _ is generally good for 60 days but can be ) what type of loan __ you will use, how _ money is needed to , monthly payments, and other _ details any buyer would _ to know.

Since a pre-qualification plan _ the lender to look _ your credit and financials uncover any concerns that _ to be addressed this be done BEFORE there __ ever an offer. If offers exist for one _, the pre-qualified buyer may _ the advantage. A lender __ your credit report and _ you a pre-qualification within 2 minutes and without reviewing _ taxes and income documents __ NOT doing you a . These pre-qualifications can often _ denials later because no __ work was done to them upfront.

So, consider going through _ pre-qualification process well ahead __ when you might buy _ home. The winter months a great time to about loan programs, interest , first time homebuyer programs, more information about the _ process. Buying a house feel overwhelming but if have a proper pre-qualification __ place you will be step ahead. After all, _ is power, right?

Learn more information or  find an MLO in _ area .

 

Tags:

Related Posts

Back