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As a buyer, it's important to get pre-qualified in Iredell County. You're out looking for a home because you want to put money into your own pocket instead of renting. You come across a home you really love, so how do you know you can afford it unless you've already been to the lender and gotten pre-qualified? It's important to also know how much money you need for a down payment. Maybe you qualify for 100% loan financing or FHA. There are lots of options out there. Do you also have enough money for the closing costs?
“You need to know what your budget is.”
Another thing to consider with pre-qualification is that you may be approved for more money than you want to borrow. You need to know what your budget is, so you can stay within a payment range that meets your needs. The critical thing to remember in today's fast-moving market is that a pre-qualification lets the seller know that you can get the money to buy their house. If you're in a competitive situation, don't wait to get that letter.
If you have any more questions, don't wait to call!
