If you’re buying a house in 2021 there are a few things you need to do on your home buying checklist. Getting pre-approved is the first step to purchasing a home. It is an indication by a lender that you can qualify for a mortgage and take on the financial responsibility of owning a house. The lender will check your credit score, debt, income and other factors to determine if you are eligible for a loan.
Get your pre-approved loan and get on the right track towards your new home. Nothing is quite as nerve-wracking as house hunting. There’s a lot of pressure to find the perfect house the first time. When you find that perfect home, you’ll want to be ready with a pre-approval letter in hand. Its important to note that this doesn’t mean that you are going to sign an agreement with a bank for a loan. It means that the bank has reviewed your finances and determined that you are a good risk for a loan. As you look for houses, knowing that you are pre-approved for a loan will give you the confidence that you are making wise decisions. For most home buyers, this process will take only a few minutes, depending on the lender. Once you are pre-approved, you can narrow the search and only look at specific Montgomery homes because you will know exactly what you can afford.
A home is the biggest investment you will probably ever make, so it is important that you know all of your options when it comes to financing. Whether you are looking to purchase your first home or your dream home, as a Montgomery AL REALTOR I am here to help you. Contact me today to get started on the home of your dreams.
Britt Dowling
334-530-3576
