Pre-Approval (Financing or Cash)
Financing
It's easy to get excited about buying a home when you spot something you like, be it Driving around, on TV, Website or paper ad. That's the fun part and sometimes you are not quite ready to make that offer because you haven't checked to see what you can afford..
The first step is to Get Pre-Approved or Pre-Qualified as some will call it.. That means, you need to contact a Local Mortgage company, Credit Union or Bank and tell them you want to pursue buying a home. Even if you haven't found a home you like, your pre-approval is usually good for 30-60 days and can be updated as needed.. During the pre-approval process, the Lender you choose will ask you questions about your income, credit score, etc.
The Lender will tell you your options on the type of loan you can get, interest rate and what your monthly payment would be and what price range you should be looking for based on what you can afford. It's important that you be upfront and honest about your financial situation, good or bad, as usually this will determine what you can ultimately get a loan for to purchase a new home...
Once you have been pre-approved, then on to the next step.
If you need some recommended Mortgage Companies, click the button below.
,
The first step is to Get Pre-Approved or Pre-Qualified as some will call it.. That means, you need to contact a Local Mortgage company, Credit Union or Bank and tell them you want to pursue buying a home. Even if you haven't found a home you like, your pre-approval is usually good for 30-60 days and can be updated as needed.. During the pre-approval process, the Lender you choose will ask you questions about your income, credit score, etc.
The Lender will tell you your options on the type of loan you can get, interest rate and what your monthly payment would be and what price range you should be looking for based on what you can afford. It's important that you be upfront and honest about your financial situation, good or bad, as usually this will determine what you can ultimately get a loan for to purchase a new home...
Once you have been pre-approved, then on to the next step.
If you need some recommended Mortgage Companies, click the button below.
,
Paying Cash
If you are paying cash for your Home, meaning you have or will have the money in your bank account or accessible to you before closing, you will still usually need to provide proof of funds in the form or a letter from the financial institution stating this.
Next Step:
Darrell Driskell - REALTOR
Licensed by the Louisiana Real Estate Commission
210 Dr. Michael Debakey dr.
Lake Charles, LA 70601 USA
OFFICE: 337-436-6639
CELL: 337-309-1858
FAX: 337-436-6630
Latter & Blum is Independently Owned and Operated - ERA Powered
Licensed by the Louisiana Real Estate Commission
210 Dr. Michael Debakey dr.
Lake Charles, LA 70601 USA
OFFICE: 337-436-6639
CELL: 337-309-1858
FAX: 337-436-6630
Latter & Blum is Independently Owned and Operated - ERA Powered