Found 2 blog entries tagged as Pre-Approved Loans.

As soon as you decide that you would like to begin to look for your new Oakland or Berkeley 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…

1295 Views, 0 Comments

Read Full Post

 

Once you have decided to buy an Oakland home, or Oakland condo, and begin your search, one of your most important first steps will be getting the all important financing to purchase it.  As you begin to work with me, I will assist you in directing you to some potential loan sources that I feel will be useful and valuable in your search.  Many buyers need to be sure that they understand the difference between two very important loan terms.  The first is "Pre-Qualified", and the second is "Pre-Approved".  There is a big difference between them.

In many neighborhoods in Oakland and Piedmont, the stock of homes is low, and as a result, homes are being bid upon quickly, and are often off the market within a couple of weeks.  This means that when you…

1553 Views, 0 Comments

Read Full Post