When you are ready to buy a home there are some important steps to take to help the process goes as smooth as possible.
The first thing to do before you even go look at your first home is to...
Pre-approval, as opposed to pre-qualification, signifies that the loan application has been taken through a rigorous procedure. Here's why pre-approved buyers are ahead in the home buying game:
If you make an offer on a home and then apply for a loan, you are at the lender’s mercy, who is aware that you do not have time to shop around.
Pre-approval saves time spent looking at houses you can’t afford.
A pre-approval letter from a lender gives you an edge when multiple offers have been made on a house.
Pre-approved buyers can generally close escrow more quickly, since most of the work has already been done.
I hope this helps and gets you excited to be in a home that you deserve and to make memories.
Here are some lenders that can get you on your way. I have had many happy clients use these and others:
Jeff Worthington with Krest Mortgage 435.619.1480
Brandon Bartholomew with Mountain America Credit Union 435.652.3762
Mike Bringhurst with Academy Mortgage 435.767.1704