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Five Reasons to Get Pre-Approved
1. Knowing how much home you can comfortably afford saves you time and energy during the home search. You won’t waste time looking at homes that do not fit your budget.
2. Sellers are more likely to accept an offer that is accompanied with a pre-approval letter than an offer without one.
3. The pre-approval process will alert you to any potential credit or income issues that you may need to address before you purchase.
4. The loan approval process is faster and requires less documentation from you if you are pre-approved before you shop.
5. You will have peace of mind knowing that your loan application is pre-approved. Now you can focus on shopping for your new home!
Increased FHA Loan Limits:
The Federal Housing Administration (FHA) insures loans, so your lender can offer you a better deal including: low down payments, low closing costs, and easy credit qualifying. Ask your lenders about current FHA loan limits in your area.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Home….
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Home Prices Have Drastically Reduced:
The affordability index for 2008 averages 104%. An index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Home….
Contact me for more information.
An Abundant Selection of Homes:
The number of homes for sale is at a 15-year high. Regardless of price range, there are many homes from which to choose. The great selection of single family homes, condos and townhomes means a greater chance of finding the one that fits your lifestyle.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Homes….
Contact me for more information.
10 Great Reasons Not To Wait To Buy Your Dream Home….
- There is currently an abundant selection of homes.
- Interest rates are low.
- Home prices have drastically reduced.
- A strong ability to negotiate the price.
- Homestead portability.
- Increased Tax Exemption.
- $7,500 federal tax credit.
- Increased FHA loan limits.
- No time like the present.
- Home ownership is an investment in your future.
Contact me for more information.