If you’ve ever gone shopping and been hit with sticker shock, you know what it feels like to desire something out of your financial reach. Don’t let that happen to you when looking for your dream home. Mortgage pre-qualification will help you avoid disappointment and save time by focusing on a new home that meets both your needs and your budget.
Pre-qualification is a quick, easy process that will determine how much of a mortgage you are approved to receive. You can use one of a variety of online loan calculators but these tools really only provide a rough estimate and don’t always take many factors into consideration. And remember that a calculator is no guarantee that a lender will approve the amount. Your actual pre-qualified amount could be higher or lower. Underwriting varies from lender to lender, so talk to a few mortgage lenders to find out what they can offer you. Choosing the lender before you start shopping can expedite the process once you find a home. And pre-qualification makes you a more appealing buyer because the seller knows you can actually get a mortgage—eliminating the “wait and worry” phase on both sides.
Stylecraft Builders works with Wallick and Volk Mortgage Lending and they’ll be happy to get you started. Click here to get a Pre-Qualify Form. And let us know if you have any questions about the home buying process. We’re here to make it an enjoyable experience to find your dream home!
Stylecraft Builders – Central Texas’ New Home Builder