Why Should I Be Pre-Approved for a Home Loan?

Home Buyers should be Pre-Approved for a Loan

By being pre-approved, home buyers will have a better idea of the expenses tied to purchasing a home and the total amount of home they qualify for before writing a purchase contract.

Home buyers should know:

What is my payment going to be?
What is my down payment going to be?
What is my out of pocket monthly expenses?

Home Buyers should understand the home loan process

Be clear on your monthly out of pocket expenses before deciding a purchase price. It is important to not trust the on-line mortgage calculators they may not take all the expenses that are attributed to a home loan including supplemental taxes.

If you have any questions or need a lender referral, please give me a call 916.865.8759. I look forward to hearing from you.

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