If you are looking to buy a home in the Brazos Valley it is a good idea to receive a pre-approval. A pre-approval helps you get an idea of what price home you can afford and what type of mortgage you will qualify for. Your mortgage amount will be based on the purchase price of your home, your down payment and other factors.This is helpful for anyone interested in buying a home so you do not waste your time looking at homes you can not afford. A pre-approval also confirms your ability to qualify for a mortgage based on your credit, financial, and employment information. Getting a pre-approval also shows sellers that you are serious about buying a home which may benefit you especially if there are two people making an offer on the home and one was pre-approved and one was not. The seller is able to see that the person who received a pre-approval is not waiting to receive information about obtaining finance help. If you are interested in getting pre-approved, you need to talk to a mortgage lender.
If getting pre-approved is something you need or want to do contact Gwen Fay. Gwen does the mortgage work in our office and her number is 979-201-1629.