Buying a house is a little bit like dating. You don’t want to fall in love only to realize you can’t have the home of your dreams. Consulting a mortgage lender should be the first step in your home buying journey because it establishes reasonable expectations and provides proper financial parameters. Choice Lending Services believes that proper planning and preparation reduces the stress and worry common with home buying.
Lenders give borrowers a pre-qualification letter or pre-approval letter, but most realtors recommend the pre-approval letter before you begin to search. With it, you’ll have completed an extensive credit check and required paperwork, including an official mortgage application. This will speed up the process when you make an offer because it won’t be contingent on funding approval. Your lender can tell you the exact preapproved amount and provide you with a written, conditional commitment so you don’t look at houses in excess of your budget.
At Choice Lending Services, we are experienced with first-time home buyers. We know that everyone is different, and unique situations may require different types of loans. We can get you pre-approved quickly, so you are free to look for the home you want. Once you find it, the closing process will be simple and pain-free.