Making Strong Offer, Once you have found your dream home

 

In today’s real estate market with its limited inventory, once you have found your dream home it’s, important to make the strongest offer possible. One of the best ways to do this is to get Pre Qualified or better yet, get Per Approved. What’s the difference? Getting pre-qualified, is easy. You give your financial information, your income, your debts and your assets, to your mortgage lender. Then your mortgage lender, based on the information you gave them, tells you how much of a mortgage you qualify for.

Getting Pre Approved is a little more involved. You fill out an application, there usually a fee required for this step. The mortgage lender asks for quite a bit more documentation to verify your income, debts and your assets. They will most likely want to see your tax returns {three Years}, pay stubs, loans, child support, alimony if any. Once you are pre-approved, sellers will take your offers more seriously, because they know you are approved and ready to buy. All you have to do now is to find your dream home.