Just the other day, a new homebuyer steadfastly refused to initiate his Temecula CA home search before he completed his home loan pre-qualification process. When he questioned my thoughts on that strategy, my response was “excellent man!”. If I had my choice, I wish every homebuyer I work with to get pre-approved. As [...]
If you are hoping to speed up the home buying process, you may consider getting pre-qualified for your home loan. With a pre-qualification letter in hand, real estate agents and sellers will take you more seriously. Furthermore, sellers may readily accept your offer over another bidder because financing is partially secured.
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You have gone to all the distress of contacting a mortgage company, and have faithfully answered all their questions to get their letter saying you are pre-qualified, so why is it not enough for the real estate agent that you are working with? If your real estate agent wants you to press on with your [...]