You’ve finally made the decision that you need more room, you need to be on the other side of town, you’re ready to downsize or you just want something different. In any case you are ready to start looking for a new home. Before you run out to open houses, jump online or dig through the Sunday paper the one thing you need to do first is contact a lender to get pre-approved. (Unless you are paying cash, way to go, you can skip this step entirely)
The pre-approval process is quick, painless and free. You can usually be approved in about 10 minutes either in person or over the phone. Why get pre-approved first? Because you need to know…
1. How much house you can afford – match your desire with your budget
2. If you can be approved or what steps you need to take first to be approved
3. If there something on your credit that needs to corrected
4. If you need to improve your credit score and how to improve it
5. If you need more time on your job or to show more income on your taxes
6. How long before you am financially able to purchase a home
Even if you are months away from being ready to buy, it’s never too early to start the process.
If you have credit issues or incorrect data on your credit report this provides time to make corrections before you start looking. Some corrections can be made in 3 – 5 days. If you have had credit issues in the past you can learn the steps to take to raise your credit score.
Most realtors won’t begin to show you houses without first being pre-approved. Once you have been pre-approved and know how much house to shop for it’s time for the next step… finding a buyer’s agent. By the way, it’s free!
To be pre-approved and know how much house you can afford, call me today at (859) 539-5626.
BryanMay (NMLS# 13673)
Regional Manager
(859) 539-5626
bmay@cmcloans.com
CenturyMortgageCompany.com/bmay
Equal Housing Lender. Century Mortgage Company d/b/a Century Lending Company. NMLS# 3925, NMLS# 38658, NMLS# 38659. Information subject to change without notice. Information provided for educational purposes only. We are not providing legal advice, merely advising you of the general terms of some available programs. We have attempted to be as accurate as possible, but programs change frequently. Consult actual program details prior to closing. See your attorney or financial advisor for further guidance. Some restrictions apply. Subject to credit approval and underwriting. Information provided as-is only. This is not a commitment to lend. All calculations and comparisons discussed are hypothetical examples only. © 2010 Century Mortgage Company. All rights reserved. May not be reproduced,