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.

10340 Comments

Reply supreme
19:42 on 1 December, 2020 
Thanks so much for giving everyone a very pleasant possiblity to check tips from this web site. It's usually very nice and as well , stuffed with fun for me personally and my office colleagues to search your web site nearly three times a week to read through the latest guides you have got. Not to mention, I am just always happy concerning the beautiful guidelines served by you. Some 1 points on this page are undeniably the most effective I have had.
supreme http://www.supremes.us.org
Reply adidas yeezy
18:37 on 1 December, 2020 
My wife and i got really ecstatic when Michael managed to round up his basic research through your ideas he was given when using the web site. It is now and again perplexing just to choose to be freely giving techniques which people today have been selling. And we also already know we need the blog owner to give thanks to for that. Most of the illustrations you made, the simple site menu, the friendships your site make it possible to instill - it's everything astonishing, and it's really letting our son in addition to our family feel that the article is interesting, which is certainly really indispensable. Many thanks for all!
adidas yeezy http://www.adidasyeezyboost350.us.com
Reply jordans shoes
18:37 on 1 December, 2020 
Thanks so much for providing individuals with such a special opportunity to check tips from here. It is usually so amazing plus stuffed with a great time for me personally and my office friends to search the blog more than three times per week to study the fresh guides you have got. Of course, we are actually satisfied concerning the amazing suggestions served by you. Certain two facts in this post are surely the most effective we have all had.
jordans shoes http://www.jordansshoes.us.org
Reply jordans
18:37 on 1 December, 2020 
My husband and i ended up being now relieved Jordan managed to round up his analysis via the ideas he grabbed while using the web site. It is now and again perplexing to just always be making a gift of points that many the others might have been trying to sell. And we consider we need the writer to thank for that. The illustrations you have made, the straightforward website navigation, the relationships your site help instill - it's got mostly fantastic, and it's facilitating our son in addition to our family understand the issue is amusing, which is exceedingly serious. Thank you for the whole thing!
jordans http://www.cheapjordans.us.com
Reply supreme clothing
18:37 on 1 December, 2020 
I actually wanted to type a simple comment in order to thank you for the lovely instructions you are sharing on this site. My time intensive internet search has at the end been compensated with pleasant know-how to share with my two friends. I would declare that many of us site visitors actually are extremely blessed to live in a superb community with so many perfect individuals with very helpful ideas. I feel quite fortunate to have encountered your web site and look forward to tons of more enjoyable minutes reading here. Thank you once more for all the details.
supreme clothing http://www.supreme-newyork.us.com
Reply bape
18:36 on 1 December, 2020 
I needed to create you this very little observation to help thank you very much again for your gorgeous opinions you have contributed on this site. This has been quite wonderfully generous with you to allow freely all most of us could have marketed for an e-book to get some bucks for their own end, mostly seeing that you could possibly have tried it in the event you wanted. These secrets likewise worked like a fantastic way to recognize that other individuals have similar zeal much like mine to realize lots more on the subject of this condition. I'm certain there are several more fun situations ahead for people who look into your blog.
bape http://www.bapehoodie.us
Reply curry 7 sour patch
18:16 on 1 December, 2020 
Needed to create you that little word to be able to thank you so much as before on your nice concepts you've shared in this article. This is so generous of you giving unhampered all many of us would have marketed for an e book in order to make some profit for their own end, precisely since you could possibly have done it if you desired. Those ideas also served as the great way to be sure that the rest have the identical dreams like my own to figure out great deal more with regards to this problem. I think there are some more enjoyable instances in the future for individuals that find out your website.
curry 7 sour patch http://www.curry7.us
Reply yeezy boost 350
18:16 on 1 December, 2020 
I am also writing to let you be aware of of the helpful encounter our daughter went through reading through your web page. She picked up so many details, which include what it's like to possess an ideal helping mindset to make many others really easily completely grasp chosen complicated subject areas. You undoubtedly exceeded my expected results. I appreciate you for distributing the warm and helpful, trustworthy, educational and as well as cool thoughts on this topic to Janet.
yeezy boost 350 http://www.yeezy350boost.us.com
Reply golden goose sneakers
18:15 on 1 December, 2020 
I simply wanted to compose a message to be able to appreciate you for all of the superb techniques you are writing on this site. My prolonged internet investigation has finally been paid with beneficial details to talk about with my family members. I would say that we website visitors are really blessed to be in a very good place with many brilliant professionals with very helpful tricks. I feel extremely fortunate to have seen your entire website and look forward to many more pleasurable times reading here. Thanks a lot once again for a lot of things.
golden goose sneakers http://www.goldengoose-sneakers.us
Reply curry 5
18:15 on 1 December, 2020 
My husband and i felt peaceful when Michael could complete his researching because of the ideas he was given out of the web pages. It is now and again perplexing to just always be giving freely instructions some others have been trying to sell. And we all do know we need the writer to thank for this. The specific illustrations you made, the simple blog navigation, the relationships your site make it easier to foster - it is many amazing, and it's making our son in addition to us understand that subject is brilliant, which is certainly wonderfully essential. Many thanks for all the pieces!
curry 5 http://www.curry5.us.com
Reply michael jordan shoes
18:14 on 1 December, 2020 
I and my guys appeared to be going through the excellent tactics on your web site and so immediately I got a terrible suspicion I never thanked the website owner for those secrets. Most of the women are already as a result passionate to read through all of them and now have extremely been taking advantage of these things. I appreciate you for getting simply considerate and then for pick out some excellent issues most people are really needing to be aware of. My very own honest apologies for not expressing gratitude to sooner.
michael jordan shoes http://www.michaeljordanshoes.us.com
Reply curry 6
18:13 on 1 December, 2020 
Thank you a lot for giving everyone an extremely brilliant opportunity to read from this web site. It can be very useful and also jam-packed with a lot of fun for me and my office friends to search your web site a minimum of three times per week to read the fresh guides you have. Not to mention, I am at all times impressed with the splendid principles served by you. Certain 4 areas in this article are honestly the best we have had.
curry 6 http://www.curry-6.us
Reply russell westbrook shoes
18:13 on 1 December, 2020 
Thank you a lot for giving everyone remarkably memorable possiblity to read from this blog. It's always so pleasant plus packed with a lot of fun for me personally and my office mates to visit the blog not less than 3 times per week to see the new items you will have. And lastly, I am at all times happy with your staggering advice you serve. Some two facts on this page are rather the most efficient we have all ever had.
russell westbrook shoes http://www.russellwestbrookshoes.us
Reply off white x nike
18:12 on 1 December, 2020 
I simply needed to appreciate you yet again. I'm not certain the things that I would have tried in the absence of these tips documented by you regarding such a subject. It was actually a scary situation for me personally, however , looking at a skilled avenue you dealt with the issue made me to weep for happiness. I'm happier for the information and even trust you really know what a powerful job you are putting in educating many people with the aid of your webpage. I am certain you haven't met any of us.
off white x nike http://www.nikexoffwhite.com
Reply Antiokhen
17:54 on 1 December, 2020 
You expressed this effectively.
cialis online
best 10 online canadian pharmacies
aarp recommended canadian pharmacies
Reply jordan shoes
17:36 on 1 December, 2020 
I together with my pals were actually analyzing the best advice from the website while then developed an awful feeling I had not expressed respect to you for those strategies. Those ladies are already for this reason passionate to study them and already have pretty much been enjoying these things. Appreciate your actually being quite kind and also for considering this sort of terrific themes millions of individuals are really eager to know about. My honest apologies for not saying thanks to earlier.
jordan shoes http://www.jordans.com.co
Reply yeezy
17:36 on 1 December, 2020 
My husband and i have been really comfortable that Albert managed to carry out his homework through your precious recommendations he made out of the weblog. It's not at all simplistic to simply always be making a gift of helpful tips which often some people could have been trying to sell. We know we've got the writer to be grateful to for this. The type of explanations you have made, the easy website navigation, the friendships you give support to foster - it's got all unbelievable, and it's aiding our son and the family know that this subject matter is thrilling, and that's rather important. Thank you for the whole lot!
yeezy http://www.supplyyeezy.us
Reply yeezy 500 blush
17:36 on 1 December, 2020 
I wanted to draft you that very small note so as to thank you once again for your personal pleasant techniques you've featured at this time. It's simply wonderfully generous of people like you to grant unhampered what exactly many people could have marketed for an electronic book to earn some dough on their own, most notably now that you could have done it in case you desired. Those strategies as well acted to be a easy way to know that other people online have the identical desire the same as my own to grasp many more with reference to this matter. Certainly there are millions of more fun occasions ahead for those who read carefully your website.
yeezy 500 blush http://www.yeezy-500.us.com
Reply stone island outlet
17:36 on 1 December, 2020 
I actually wanted to write down a quick note to be able to appreciate you for all the great facts you are sharing on this site. My extended internet lookup has now been rewarded with high-quality content to write about with my guests. I would state that that many of us site visitors are very fortunate to live in a decent community with so many marvellous professionals with insightful tactics. I feel somewhat privileged to have seen the site and look forward to many more fabulous minutes reading here. Thanks a lot once again for everything.
stone island outlet http://www.stone-island.us.com
Reply longchamp
17:36 on 1 December, 2020 
Thanks so much for providing individuals with such a brilliant possiblity to check tips from this site. It is always very pleasurable and stuffed with fun for me and my office peers to visit the blog a minimum of 3 times a week to study the new secrets you have got. And indeed, I am actually impressed with the stunning thoughts you serve. Certain 2 tips in this article are surely the most beneficial I have had.
longchamp http://www.longchampoutlets.us

Categories

0
/
Lightbox image