Shopping Basket
Your Basket is Empty
Quantity:
Subtotal
Taxes
Delivery
Total
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should receive an order confirmation from Paypal shortly.Exit Shopping Basket

Blog

Blog

« Back to Blog « Older Entry | Newer Entry »

Are you Pre-Qualified?

Posted on 11 August, 2017 at 11:30

Shopping is fun and shopping for a house is no exception. Driving around neighborhoods, searching local listings online, and looking at interior photographs are all great ways to become informed about the real estate offerings in your area. But when you get ready to seriously shop for a home with the intent to purchase, your selection process needs to be precise so that you don’t fall in love with a house that is outside of your budget. 


That’s where pre-qualification comes in. It is the first step in purchasing a house, something to do even before you contact a realtor. In fact, some realtors won’t even show you a house if you aren’t pre-qualified. The process is fairly simple (think income, assets, debts) and allows a mortgage company to determine the maximum amount of money they’ll loan you so that you’ll know what homes are within your budget. Once a lender pre-qualifies you, you will get a letter that provides your realtor with this information to help facilitate the home selection process.


Being pre-qualified also enables you to make an offer on a house so that when you do find the house of your dreams, you’ll be ready. Oftentimes, the seller looks at the pre-qualification letter to decide whether or not they want to accept the offer. In a hot market where sellers receive multiple offers on a house, the terms of the loan outlined in the letter and the mortgage company that issued it are often taken into account when deciding which offer to accept. Sellers want to ensure that the sale isn’t going to fall through because of the buyer’s financing and a strong pre-qualification letter is a good way to show the seller that you are serious.


The mortgage experts at Team Neal can walk you through the pre-qualification process. There will be some paperwork and they will ask for information about your income and expenses to evaluate what amount will work with your budget. Then they will take the information you provide and use it to get an idea of how much money a bank will loan you for a house. This will help you narrow your search and be ready to make an offer when you do find the house that’s perfect for you.

Categories: Mortgage Approval Process, Looking for "the" home, First Time Homebuyer

Post a Comment

Oops!

Oops, you forgot something.

Oops!

The words you entered did not match the given text. Please try again.

10341 Comments

Reply giannis antetokounmpo shoes
21:03 on 10 December, 2020 
I wanted to put you that tiny word so as to say thanks a lot the moment again for all the spectacular suggestions you have provided above. This is certainly extremely generous with you to deliver publicly precisely what a few people might have offered for sale for an e book in making some money for their own end, primarily since you might well have done it in the event you decided. These secrets also acted to become a great way to fully grasp that someone else have the same passion much like my own to know the truth a little more regarding this condition. I think there are thousands of more pleasurable opportunities ahead for folks who check out your site.
giannis antetokounmpo shoes http://www.giannisantetokounmposhoes.us
Reply retro jordans
21:02 on 10 December, 2020 
I want to show my thanks to the writer just for rescuing me from such a difficulty. Right after exploring throughout the search engines and meeting proposals which are not productive, I assumed my life was done. Being alive without the presence of approaches to the difficulties you've resolved all through the guide is a crucial case, and ones which could have adversely affected my career if I had not discovered the blog. Your personal expertise and kindness in dealing with all areas was tremendous. I am not sure what I would have done if I hadn't encountered such a solution like this. I am able to now look ahead to my future. Thanks for your time very much for the reliable and effective guide. I won't be reluctant to endorse the sites to anyone who ought to have care about this area.
retro jordans http://www.retro-jordans.us.com
Reply golden goose outlet
21:02 on 10 December, 2020 
I and also my friends ended up analyzing the excellent tips located on the blog then instantly got a terrible suspicion I never thanked you for them. The people happened to be as a result passionate to read them and already have simply been taking pleasure in these things. Thank you for simply being indeed thoughtful and for deciding upon some cool subject matter millions of individuals are really eager to know about. My honest regret for not expressing gratitude to you sooner.
golden goose outlet http://www.goldengooseoutlets.us
Reply golden goose
21:01 on 10 December, 2020 
I together with my guys happened to be looking at the excellent recommendations from your website then quickly came up with an awful suspicion I never expressed respect to the web blog owner for those strategies. All the people had been as a consequence happy to read all of them and already have surely been making the most of those things. Thanks for turning out to be really accommodating as well as for obtaining some superb ideas millions of individuals are really eager to be aware of. My very own honest regret for not expressing gratitude to you sooner.
golden goose http://www.golden-goose.us
Reply MaryIcent
20:31 on 10 December, 2020 
ivermectin cialis without a rx generic cialis price comparison sildenafil 40 mg over the counter generic cialis no rx cialis comparison levitra lowest price order viagra cheap online plaquenil arthritis singulair nasal spray
Reply LisaIcent
20:12 on 10 December, 2020 
buy cheap sildenafil uk
Reply AnthonyEmusa
20:03 on 10 December, 2020 
most reliable canadian pharmacies
drug cost comparison
buy medicine canada
Reply pandora jewelry
20:03 on 10 December, 2020 
I precisely needed to thank you so much all over again. I am not sure the things that I would have sorted out in the absence of those advice documented by you concerning that problem. It actually was the fearsome problem for me personally, nevertheless observing a specialised strategy you handled it forced me to jump with fulfillment. I am happier for your guidance and as well , believe you recognize what an amazing job you are accomplishing teaching people today through a web site. I know that you've never encountered all of us.
pandora jewelry http://www.pandorascharms.us
Reply yeezy
20:03 on 10 December, 2020 
I have to show thanks to this writer for bailing me out of this particular problem. As a result of browsing through the world wide web and finding views which were not beneficial, I was thinking my life was done. Existing devoid of the answers to the difficulties you've fixed by means of this write-up is a critical case, as well as those that would have in a negative way damaged my career if I had not come across your website. Your primary capability and kindness in dealing with all the pieces was invaluable. I'm not sure what I would have done if I hadn't come across such a stuff like this. I am able to at this point look ahead to my future. Thanks a lot very much for this skilled and sensible guide. I won't think twice to propose your blog post to any individual who needs tips on this subject.
yeezy http://www.yeezysus.com
Reply moncler jackets
20:03 on 10 December, 2020 
I enjoy you because of your entire work on this web page. Kate really loves engaging in investigations and it is easy to see why. My partner and i hear all relating to the dynamic mode you convey worthwhile steps via this website and in addition recommend response from some other people on the matter while my simple princess is certainly being taught so much. Enjoy the remaining portion of the year. You have been doing a pretty cool job.
moncler jackets http://www.monclerjackets.us
Reply supreme hoodie
20:02 on 10 December, 2020 
I actually wanted to develop a brief message to express gratitude to you for some of the wonderful suggestions you are showing at this website. My time-consuming internet lookup has at the end of the day been paid with really good details to share with my partners. I would state that that most of us site visitors are unquestionably lucky to be in a useful community with very many marvellous people with very beneficial advice. I feel very much privileged to have come across your entire web site and look forward to some more fun minutes reading here. Thanks a lot once more for all the details.
supreme hoodie http://www.supremeshoodie.com
Reply lebron james shoes
19:16 on 10 December, 2020 
I as well as my guys happened to be going through the excellent items on your web blog then immediately developed a horrible suspicion I had not expressed respect to the website owner for those techniques. Most of the men were absolutely passionate to read through all of them and already have in truth been taking pleasure in these things. Appreciation for genuinely so kind as well as for having some decent issues millions of individuals are really needing to understand about. Our own sincere apologies for not expressing appreciation to earlier.
lebron james shoes http://www.lebronjames-shoes.us.com
Reply moncler
19:16 on 10 December, 2020 
I needed to write you the little bit of note to finally say thanks the moment again with your great strategies you have discussed in this article. It's really wonderfully generous of people like you to make extensively what many of us would have offered for sale as an e book to end up making some profit on their own, most notably given that you might well have tried it in the event you desired. The advice in addition served to be the fantastic way to recognize that other people have the same passion just like mine to know more related to this condition. I am certain there are many more pleasant periods ahead for folks who look over your website.
moncler http://www.monclerjackets.us
Reply cheap jordans
19:16 on 10 December, 2020 
I and also my pals came reading the great procedures from your site and the sudden came up with an awful feeling I had not thanked you for those tips. The young boys became certainly excited to learn all of them and have surely been making the most of those things. Appreciation for getting simply kind as well as for picking out this kind of useful subjects most people are really wanting to learn about. My sincere regret for not saying thanks to sooner.
cheap jordans http://www.cheap-airjordans.us.com
Reply balenciaga sneakers
19:16 on 10 December, 2020 
A lot of thanks for your own effort on this website. Kim delights in engaging in internet research and it's really simple to grasp why. A number of us hear all relating to the dynamic tactic you deliver practical secrets via the website and in addition increase response from website visitors on that article so our favorite girl is without a doubt starting to learn so much. Enjoy the rest of the new year. You're the one conducting a tremendous job.
balenciaga sneakers http://www.balenciagasus.com
Reply off white nike
18:36 on 10 December, 2020 
I must show some thanks to you for bailing me out of this type of setting. Right after researching throughout the world-wide-web and seeing methods which were not productive, I figured my entire life was over. Living without the presence of solutions to the issues you've sorted out by means of your main write-up is a critical case, as well as ones which might have in a wrong way damaged my career if I had not encountered the blog. Your own personal expertise and kindness in controlling every part was very helpful. I don't know what I would have done if I hadn't encountered such a step like this. It's possible to at this point relish my future. Thanks a lot so much for the high quality and amazing help. I will not think twice to propose your web blog to any person who should get support about this topic.
off white nike http://www.off-whiteshoes.us.com
Reply lebron shoes
18:34 on 10 December, 2020 
I enjoy you because of all of your effort on this web site. Debby loves going through internet research and it's really easy to understand why. We all learn all concerning the powerful tactic you make practical guidelines by means of the blog and in addition cause contribution from website visitors about this point plus our own child is truly starting to learn so much. Take pleasure in the rest of the new year. You are always performing a superb job.
lebron shoes http://www.lebron16.us
Reply calvin klein outlet
18:34 on 10 December, 2020 
I wish to express some thanks to you for rescuing me from this issue. Because of surfing around through the internet and getting views which are not beneficial, I believed my entire life was over. Existing without the presence of approaches to the difficulties you've fixed through your report is a critical case, and ones that would have in a wrong way damaged my entire career if I had not come across the website. Your own personal expertise and kindness in playing with every part was very useful. I don't know what I would have done if I hadn't encountered such a thing like this. I can also at this moment look forward to my future. Thanks a lot very much for your specialized and sensible guide. I will not hesitate to refer the website to anybody who wants and needs guidelines on this problem.
calvin klein outlet http://www.calvinkleinoutlet.us.com
Reply moncler
18:34 on 10 December, 2020 
Thank you a lot for giving everyone a very marvellous chance to read from this website. It is always so fantastic plus jam-packed with a lot of fun for me and my office friends to visit the blog not less than three times in a week to find out the new tips you have. Of course, we're usually amazed with all the breathtaking opinions you give. Some 2 areas in this article are without a doubt the very best we've had.
moncler http://www.monclerjackets.us.org
Reply supreme
18:34 on 10 December, 2020 
Thanks a lot for providing individuals with remarkably splendid opportunity to discover important secrets from here. It's always very useful and packed with a good time for me personally and my office friends to visit your web site really thrice a week to learn the newest things you will have. And of course, we are at all times pleased with your extraordinary things you serve. Certain 1 ideas in this posting are essentially the most impressive I have ever had.
supreme http://www.supremeclothings.us.com

Categories

0
/
Lightbox image