What is a Pre-Approval?

Preliminary determination that a borrower would qualify for a particular loan amount, at what rate, and what the terms look like under that lender’s guidelines based on income and credit information. The biggest advantage of pre-approval is that our borrowers will have an accurate idea of how much money they would have to work with, and this can help to target the home search and ensure you are only looking at houses that are truly in your price range.

Why do you require documents?

The documents are required to verify the information your put on the application. It is a 3rd party document that verifies what you stated as far as your job history, current income and assets. Not every lender requires your to submit documentation at the time of application. Our team prides ourselves on accurate and solid Pre-Approvals. We want to ensure when we say you are Pre-Approved that you can count on closing your home loan once you find your perfect home!

Why do I have to pay for my credit report?

In order for us to review your pre-approval we must take into account your current debts- as that is a major factor in the amount we can approve you! When you pay for the credit report it allows for you to get a copy of it to review for accuracy and the score! We will credit you back the cost of the report at your loan closing!

Do I need a Realtor when shopping for a home?

Buying a home is typically the largest purchase of your life. As such, you should have an advocate on your side. Working with the right professionals in your real estate transaction is critical, and just as important as your lender. Your agent will be your advisor on what home to buy, determining an offer price, communicating with the seller's agent, verifying escrow, and reviewing title and disclosure reports for accuracy and compliance. Realtors are seasoned in the art of home buying as well as their market areas. A professional guide can keep you from making huge mistakes such as offering to much money or choosing the wrong house.

Do I need a home inspection on the home?

An appraisal is used to help establish the value of a piece of property. Home inspections will tell you what is right or wrong with the house, what to do to correct things, and how much it might cost.  Although a home inspection is not an inspection can bring to light potential or existing issues with a home before you get to deep into the process. This documented, professional opinion of a home is based on a visual evaluation and operational testing of the home’s systems and components to determine their current condition.

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