Friday, September 13, 2013

As anyone who has ever bought a house can tell you, when it comes time to buy a home you need to know that that decision is the start of a process rather than an event. A myriad of emotional highs and lows awaits the first time home buyer, and taking steps to level out those highs and lows will go a long way towards helping you maintain your sanity during the ups and downs that are sure to come.

As such, every journey begins with a first step, and your first step should be to work with a realtor to get pre-qualified for your home loan before you even consider hopping in the car and cruising potential new neighborhoods. Getting pre-qualified for a mortgage loan provides you peace of mind while greasing the entire process, and so getting the "pre-qual" should be the necessary precursor to any successful house search.

Three Advantages to Getting Pre-Qualified…

Getting the Facts…

Pre-qualification involves a cursory look at your income and debts to arrive at a ballpark determination of how much house you can realistically buy into. Conversely, the pre-qualification review may indicate corrective measures are needed prior to picking out new kitchen curtains. Should that prove to be the unfortunate case, then the pre-qualification process can highlight those areas in need of repair, and knowing what to fix is the first step in getting your house hunt back on track.

Focus Your Search…

The data you get from working with a realtor makes it much easier when it comes time to buy a home. Armed with a realistic appraisal of what you can reasonably afford to pay for your new home greatly streamlines the house hunting process.

There is no point in falling in love with that quaint three bedroom bungalow if it's priced three times more than what you are comfortably able to pay, so pre-qualifying to buy a home gives you the ability to fall in love with a home that you can actually live with. When it comes to buying property, it's all about having options.

Peace of Mind…

Once you have been pre-qualified for a home loan you're given a Pre-Qualification Letter, which shows that you have taken the necessary steps to be considered a serious player when you signal an interest in their property.

When it comes to fostering peace of mind in a seller, a buyer who is pre-qualified has gained the confidence of the home owner that their time won't be wasted as you chase after mortgage approval. Likewise, the confidence it will inspire in you will make the entire home buying ordeal as stress free as possible.

Get started with The First Time Home Buyer Guy…

To get an honest assessment of where you stand in the house buying process, you should call The First Time Home Buyer Guy at 970-765-4135. Let me help you discover which neighborhood is going to host your new home, and remove the stress and aggravation out of the home buying process.