The Earl of Real Estate explains the Home Buying Process - Step 2





Buying Your Home Step by Step

  1. We're ready to buy, but where do we start?
  2. Should I get pre-qualified with a mortgage company?
  3. With so many homes available, how do I find the right one?
  4. We found the right house, now what?
  5. Why is a contract called Contingent - and what should I be doing during that period of time?
  6. What is necessary to get a loan for my house?
  7. What is being done while we wait to close?
  8. How do I prepare to move?
  9. Is there anything to do before closing?
  10. What happens the day of closing?

 

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Step 2: Should I get pre-qualified with a mortgage company?
Getting pre-qualified for your new home loan is essential and serves two main purposes. First it lets you know what your loan limits are so we don't look at homes outside of your means. Second, by having a letter of pre-qualification from the lender when we submit an offer, the seller knows you are able to close on the transaction, which makes your offer stronger than one that may not be accompanied with a letter. Click here to go directly to the pre-qualification page.

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