Getting Pre-Approved For A Home Loan-What You Need To Know
Posted by Bruce Wagg on
As soon as you decide that you would like to begin to look for your new Piedmont or Oakland home, you should take steps to get your loan financing in place. In many areas of the East Bay, the competition for homes and condominiums is very high. As a result, you need to be ready to make a offer immediately upon finding your ideal home to avoid losing out to other bidders. What do you need to know about your financing options?
1. Being Pre-Qualified By A Lender-This is a first step in the mortgage process, but an important one. You will be asked to provide your lender with your basic financial status. You would inform them about your debt, your income, and your assets. It allows the lender to review your situation, and give you a general…
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Once you have made the decision to purchase a home, either in Piedmont or Oakland, you will find yourself touring many homes. Â Many times these tours are done before dealing with me as your agent, often to get a sense of what the market is like, and what you may or may not want in your new home. Â You will be getting all kinds of information and written material from each home you visit, but there are some very important questions that you should ask yourself each time your tour, so you know, when you are finally ready to decide, what things to consider, and what homes you will reject immediately.
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NOTE: You will, in the process of buying a new home, have the opportunity to have a professional home inspection done before you move ahead with your…
