Preparing to shop for a home
Here are the key steps to buying a home and how View By Boat can help make the process easier. It all starts here!
Step One Loan Approval
Before you begin to shop for a home, enhance your buying power by getting Preapproved or Pre-Qualified.
Getting pre-qualified helps you determine how much home you can afford, based on specific financial information you share with your lender. The lender does not verify this information, and consequently there is no guarantee you will qualify for the loan amount. Getting preapproved requires that the lender verify your information, and does serve as a commitment to lend a specified amount based on that verified information. This gives you significant buying power with a seller who recognizes you will be approved for a loan.
Pre-qualification is an informal discussion between borrower and lender. The lender estimates the amount that you can borrow based solely on what you tell them about your income and assets. The lender does no verification and is not bound to make the loan when you’re ready to buy. On the other hand, loan approval is based on documented and verified information regarding your employment, your income, your liabilities, your assets and the cash you have available to close on a home purchase.
How preapproval is better?
To a seller, a lender’s preapproval letter is considerable stronger than a pre-qualification letter. If a seller knows your financing is secure, your offer is stronger. Preapproval also gives you peace of mind as you shop for a home, knowing that you will qualify for the proper mortgage amount.
Step Two Learn the market
Our web site is the efficient way to search for properties through South Georgia, Northeast Florida, the Beaches, Gainesville and Central Florida. We include property information from almost every real estate company in the area. To start your search,Click Here
Step Three Choose a professional
Select an Keith Kennedy to help you through the home buying process.
Step Four Procure your Mortgage
When you’ve found the right home, Watson Mortgage Corp. makes it easier with one-stop shopping for a broad selection of lenders and loan products.