A pre-qualification is a must when house shopping! Without it, it’s like going to the market without your wallet. You can’t buy anything! So what does getting pre-qualified really mean? It means you know how much house you can comfortably afford to buy. Getting pre-qualified is simple and FREE!
A pre-qualification is by a lender, just like iServe. Through documentation that you provide, it is determined more accurately what you will qualify for which in turn means you know how much house you can afford to buy. You may now ask yourself, why is getting pre-qualified so important? Here are a few reasons.
The seller is more willing to take your offer seriously!
With a pre-qualification, you can make an offer on a home confidently. The offer will include yourpre-qualification so the seller knows that you are actually able to buy their home. It minimizes the risk to the seller and the waste of time with selling their house.
Your loan will process faster!
Because you have received your pre-qualification, you have gotten a jump start on the process for applying for a home loan which is fantastic news! This means it will be less likely you will incur hold ups when buying your home. You should experience a nice, smooth, hopefully stress free as possible, home buying process and meet all of your necessary deadlines.
You will be ahead of other buyers!
Believe it or not, only about 10% of people actually go through the pre-qualification process. Most people truly don’t understand the importance of the pre-qualification when buying a home. The good news is, in this competitive market with multiple offers on homes, you’ll be ahead of the pack!
Now don’t’ worry… the process is easy, fast and FREE!
You will need these documents to get started today:
Last 2 years’ W-2s
Last 2 federal returns
2 months’ worth of bank statement for all types of accounts
Your credit report