The NHL Mortgage Group is a local boutique Texas mortgage lender that focuses on RAVING fan customer service and GREAT mortgage rates!
Shopping Basket
Your Basket is Empty
Quantity:
Subtotal
Taxes
Delivery
Total
Need a mortgage prequalification letter? Call us NOW at 469-363-3298!
Blog
Blog
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!
The words you entered did not match the given text. Please try again.
10338 Comments
Reply
kyrie 5 spongebob
21:18 on 20 October, 2020
Thank you for all your hard work on this site. Ellie takes pleasure in getting into investigation and it's really obvious why. My partner and i know all relating to the powerful medium you make invaluable information by means of your website and as well inspire contribution from other ones about this situation plus my girl is always becoming educated a great deal. Take advantage of the remaining portion of the year. You're the one doing a wonderful job.
kyrie 5 spongebob http://www.kyrie5spongebob.us
kyrie 5 spongebob http://www.kyrie5spongebob.us
Reply
supreme new york
21:18 on 20 October, 2020
I just wanted to write down a simple message to appreciate you for all of the magnificent guidelines you are writing on this site. My incredibly long internet investigation has now been rewarded with reputable content to share with my two friends. I would believe that we visitors actually are undeniably fortunate to exist in a very good network with very many awesome people with interesting hints. I feel rather grateful to have seen your webpage and look forward to tons of more awesome times reading here. Thank you once more for everything.
supreme new york http://www.supremenewyork.us.com
supreme new york http://www.supremenewyork.us.com
Reply
kd 10
21:18 on 20 October, 2020
I wanted to develop a brief remark to say thanks to you for some of the superb recommendations you are writing at this website. My incredibly long internet investigation has finally been compensated with wonderful content to write about with my good friends. I 'd point out that most of us website visitors are definitely lucky to exist in a great place with very many special people with very beneficial tactics. I feel rather privileged to have encountered the webpage and look forward to many more entertaining times reading here. Thank you once again for a lot of things.
kd 10 http://www.kd10.us
kd 10 http://www.kd10.us
Reply
hermes belts
21:17 on 20 October, 2020
I want to express my thanks to you for rescuing me from such a matter. After searching through the online world and coming across methods which were not pleasant, I figured my life was over. Being alive without the strategies to the issues you've resolved by way of your good review is a serious case, and those which may have in a negative way affected my career if I had not come across your website. Your good competence and kindness in taking care of all the stuff was excellent. I'm not sure what I would've done if I hadn't encountered such a thing like this. It's possible to at this point look ahead to my future. Thanks very much for your specialized and results-oriented help. I will not be reluctant to refer your blog post to anyone who should receive tips on this subject matter.
hermes belts http://www.hermesbelts.com
hermes belts http://www.hermesbelts.com
Reply
yeezy supply
21:17 on 20 October, 2020
I want to show my appreciation to the writer just for rescuing me from such a incident. After exploring through the the net and coming across advice that were not beneficial, I thought my entire life was well over. Existing minus the answers to the difficulties you've resolved as a result of your good guide is a critical case, as well as the ones which might have badly affected my entire career if I had not come across your site. Your main ability and kindness in maneuvering all areas was priceless. I don't know what I would've done if I had not come across such a point like this. I can at this time look forward to my future. Thank you so much for this reliable and result oriented help. I will not be reluctant to propose your site to anybody who should get guidelines on this situation.
yeezy supply http://www.adidasyeezysupply.com
yeezy supply http://www.adidasyeezysupply.com
Reply
kyrie 6
21:17 on 20 October, 2020
I enjoy you because of every one of your hard work on this web page. Kate loves making time for research and it is obvious why. A number of us know all regarding the powerful manner you render valuable steps by means of your web site and as well attract contribution from some other people about this subject matter then our favorite daughter is without a doubt starting to learn a whole lot. Take pleasure in the remaining portion of the new year. You're the one conducting a terrific job.
kyrie 6 http://www.kyrie-6.com
kyrie 6 http://www.kyrie-6.com
Reply
curry shoes
21:17 on 20 October, 2020
I want to express my gratitude for your generosity giving support to individuals that really want guidance on that field. Your special dedication to getting the message along had become definitely important and have continually encouraged workers much like me to get to their endeavors. Your personal invaluable publication can mean a whole lot a person like me and extremely more to my fellow workers. With thanks; from each one of us.
curry shoes http://www.curry7shoes.us
curry shoes http://www.curry7shoes.us
Reply
golden goose sale
21:16 on 20 October, 2020
Needed to draft you this very little observation so as to thank you yet again with the superb guidelines you've shown on this website. It has been certainly shockingly generous with people like you giving unhampered all that a few individuals would have offered as an electronic book in making some profit for themselves, especially considering the fact that you could have done it in case you desired. Those smart ideas also acted to become a fantastic way to be certain that other people have the same keenness similar to my personal own to understand great deal more with reference to this matter. I am certain there are thousands of more pleasant times in the future for people who look into your website.
golden goose sale http://www.goldengoosessale.com
golden goose sale http://www.goldengoosessale.com
Reply
goyard
21:16 on 20 October, 2020
I wish to express thanks to you for rescuing me from this particular setting. Because of searching throughout the world wide web and seeing principles that were not beneficial, I thought my entire life was done. Existing devoid of the strategies to the problems you have sorted out as a result of this website is a crucial case, and the kind which may have in a wrong way damaged my entire career if I had not encountered your website. Your own capability and kindness in maneuvering the whole lot was useful. I don't know what I would have done if I hadn't discovered such a subject like this. I'm able to at this time relish my future. Thanks a lot so much for your expert and result oriented guide. I will not think twice to refer the website to anyone who would need counselling about this subject.
goyard http://www.goyardus.com
goyard http://www.goyardus.com
Reply
Pay Day Loan
11:13 on 20 October, 2020
colonial penn guaranteed life insurance emergency loans
Reply
EyeIcent
9:44 on 20 October, 2020
differin cost cymbalta cost 60mg buy levitra without prescription buy terramycin cialis 80mg viagra 100 mg canada buy zoloft 20 mg sildenafil generic no prescription can i order viagra cialis 5mg daily canada cheap cialis in usa plaquenil 200mg cost viagra generics yasmin generic brand australia viagra online safe cheapest generic viagra australia kamagra tablets australia kamagra 50g 800 mg skelaxin best price for levitra 20 mg
Reply
adidas yeezy boost 350 v2
7:21 on 20 October, 2020
I wanted to write you the very little observation in order to thank you yet again for these magnificent guidelines you've discussed above. It's certainly tremendously generous with you to make unreservedly what exactly a lot of folks might have marketed for an e book to make some money for their own end, most notably now that you could have tried it in the event you wanted. Those principles as well acted as a easy way to fully grasp other individuals have similar eagerness the same as mine to understand a little more with regards to this issue. I am sure there are lots of more pleasant occasions ahead for individuals that read carefully your website.
adidas yeezy boost 350 v2 http://www.yeezy-v2.com
adidas yeezy boost 350 v2 http://www.yeezy-v2.com
Reply
moncler jacket
7:21 on 20 October, 2020
I must express some thanks to this writer just for bailing me out of this trouble. Just after looking out through the the web and seeing tips which are not helpful, I figured my life was done. Living minus the approaches to the problems you have fixed by means of this article is a crucial case, and the kind which may have adversely damaged my career if I hadn't encountered your site. Your primary ability and kindness in dealing with all areas was very useful. I don't know what I would've done if I had not encountered such a thing like this. I can at this point look ahead to my future. Thanks a lot so much for the high quality and effective guide. I will not think twice to suggest your site to any individual who will need tips about this problem.
moncler jacket http://www.monclersoutletstore.com
moncler jacket http://www.monclersoutletstore.com
Reply
supreme clothing
7:21 on 20 October, 2020
I simply wanted to type a simple word so as to express gratitude to you for the splendid guidelines you are writing on this website. My long internet research has finally been compensated with reliable information to share with my visitors. I 'd believe that we visitors are undeniably blessed to be in a perfect site with many special people with great techniques. I feel quite privileged to have used your webpage and look forward to tons of more exciting minutes reading here. Thanks again for a lot of things.
supreme clothing http://www.supremes.us.org
supreme clothing http://www.supremes.us.org
Oops!
Oops, you forgot something.