Marcus Kallweit

century 21 home realty

Why Do I work as a mortgage consultant in addition to being an experienced Realtor? One of the most important steps when buying a home is being pre-approved for the home loan. Many buyers apply for the loan and receive a pre-approval from a lender before searching for a home. Here is why is Pre-approval important: Pre-approval can cut days or even weeks off the closing because I have already conducted a credit analysis and approved you for a mortgage Pre-approval strengthens our offer and negotiation position. A home seller will often choose to accept an offer from a buyer who is pre-approved for a mortgage over one whose financial picture is still in question. Pre-approval will determine your price range and narrow your search parameters based on your down payment and your pre-approved mortgage amount, you will know how much you can afford before we even start looking for your new home. There is also a significant difference between buyers who are merely 'pre-qualified' and those who are pre-approved: Pre-qualified buyers are those whose lenders have determined how much they can borrow based on information the buyers has provided to the lender. Nothing has been verified to determine the buyer's true creditworthiness. Contact me to get all the details.