Get a Mortgage Pre-Approval
An important ingredient in a successful home search is knowing how much you can afford. You don’t want to fall in love with a property only to find out it’s outside your price range. That’s why I recommend getting a Mortgage Pre-Approval. This is a document from your bank or other lender stating how much of a mortgage they are willing to give you. There are two advantages to getting this pre-approval:
- It gives you the peace-of-mind of knowing you can afford homes you view on the market, and won’t have problems arranging financing.
- It’s a sign to sellers that you are a serious, prepared buyer – which gives you the edge when making an offer.
You can arrange for a Mortgage Pre-Approval with your bank or other lender, or by working with a good mortgage broker. I’m well-connected in the Denver real estate scene, so if you want me to recommend a reputable broker or lender, please contact me.
How Much Home Can You Afford?
Banks and lenders use specific criteria to determine how much of a mortgage they’re willing to offer you.
They look at your:
c. credit history
d. employment status
e. down payment
It may seem like a scary process, but it is actually straightforward. You can usually get a Mortgage Pre-Approval in a day. You’ll be glad that you did.
Down Payment Assistance
The Denver Metro area has over a dozen different DOWN PAYMENT ASSISTANCE PROGRAMS IN OUR AREA!
Which one should you consider the best for you?
Which will give you the most amount of money?
Which will you qualify to use?
Do I have to repay the loan or is it a gift that I do not have to repay at all?
How does all of this ” work” for me?
And many other questions will be answered! I can help you thru the process and have a lender help you determine which works best for you have questions about arranging financing? Please submit the form below or call or email me.