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PROSPECTIVE HOME BUYERS

Mortgage Pre-qualification: A Good First Step

A good first step in your house-hunting journey is to get pre-qualified for a mortgage.  Pre-qualification gives you an idea of how much you may be able to borrow.  Getting pre-qualified doesn’t require a commitment from you or the bank.  It isn’t a true application and your credit history isn’t affected.

We can arrange to have this done for you at no cost.  Enter your information to the right and we will get in touch with you shortly, or call us at (925) 448-0336.

Mortgage Pre-Approval: Making It Official

If you think you’ll buy a home in the next 90 days, considhomeCalculatorer applying for a pre-approval.  Pre-approval shows you have the resources to make the purchase.  From the seller’s perspective, a pre-approved buyer is more attractive than someone who merely says they can buy a house.  Pre-approval helps you act quickly when you find the perfect home. It can be a deciding factor for sellers who receive multiple bids.

Unlike getting pre-qualified, a pre-approval involves requesting a copy of your credit history.  Consequently, it will show as an inquiry on your credit report. Please be advised that an inquiry is only good for a certain period of time, so be sure to check with your lender!

 

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