Pre-approval: A Buyer's 1st Step!
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In the Clark County market, the number of buyers searching for their dream homes greatly outnumbers the number of desirable homes which are available. This has led to a competitive marketplace where buyers often need to stand out. The most essential way to show a seller that you're ready and serious about buying, is to get pre-approved or pre-qualified by a lender for a mortgage BEFORE starting your home search.
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Pre-approval will let you know how much home you can afford and can help you move faster and with greater confidence in a competitive market.
I have professional relationships with a variety of lenders and I'm happy to help you with this process. Once you've selected a lender, you will meet with them to review information regarding your credit, debt, work history and discuss down payment and closing costs. There are "4 Cs" that help determine the amount you will be qualified to borrow:
Affordability: Many potential home buyers overestimate the down payment and credit scores needed to buy a home today. If you're ready to buy, you may be pleasantly surprised at your ability to do so!
I have professional relationships with a variety of lenders and I'm happy to help you with this process. Once you've selected a lender, you will meet with them to review information regarding your credit, debt, work history and discuss down payment and closing costs. There are "4 Cs" that help determine the amount you will be qualified to borrow:
- CAPACITY: Your current and future ability to make your payments.
- CAPITAL/CASH: Your money, savings and/or investments.
- COLLATERAL: The home you would like to purchase.
- CREDIT: Your history of paying bills and other debts on time.
Affordability: Many potential home buyers overestimate the down payment and credit scores needed to buy a home today. If you're ready to buy, you may be pleasantly surprised at your ability to do so!
I'd love to get together to review your goals and options.