Advantages of Pre-Qualification

Before you seriously start looking for a new home, you should pre-qualify for a mortgage. Getting pre-qualified does several things to give you an advantage.

Helps your real estate agent narrow your search to homes in your price range. You, and your agent don't want to waste time looking at homes that will over-extend you or those too small for your needs. You might be pleasantly surprised at the amount of home you can afford.
Lets sellers and their agent know that you are serious when you make an offer.
Avoids delays in the negotiating process. In a hot market, you can't afford to wait for a loan approval when you are making an offer. Other offers can come in on your perfect home and be accepted while you are waiting for approval.
Helps you set up a budget. If you know what your maximum monthly mortgage payments may be, then you can plan for other monthly expenses.

There's a lot to think about when you are looking to buy a home, and as a real estate professional, I can help guide you through the entire transaction.

If you need help locating a mortgage lender or have questions, please let me know. I'm here to help.

Ann Ciesielka, RE/MAX Central

Call: 215-362-2260, Ext. 1720 - or - Email: ACiesielka@aol.com