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Getting
pre-approved
As part of the real estate
purchasing process, it is vital that you get
pre-approved.You should do this early in
the process of looking for your new property. This means that a qualified
lender will pre-commit to approving you for a certain
loan amount (contingent upon the property you want to
purchase, and possibly several other criteria).
This is very important because
it will let you know how much you will be able to
spend, and under what conditions. It's a
way of minimizing unpleasant surprises at critical
junctures later in the purchase process. Additionally,
sellers will generally want to see a copy of your pre approval
letter before they remove their property from the
market. The pre-approval serves as your
credential, a sort
of minimal proof of your ability to purchase their
property. . Also, if there
are two or more potential purchasers bidding on the
property, your pre-approval will be an advantage.
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For quick mortgage pre-approval, great rates and
great service, call Joe Smith,
listed below.
He's a senior loan officer
for Countrywide Home Loans. He knows his product and also
knows the Boston market better than pretty much
anybody I've dealt with over the years. You can call
him at
617-235-1555, or you can email him.
Email
Joe Smith!
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