Do I have to be pre-qualified before I start looking for a home? We have already started our search and found a couple of homes of interest. What is next? what is prequalify?

Steve - to pre-qualify is the most important first step in the home buying process. To pre-qualify means that you fill out an application and submit the documentation that would allow a loan officer to analyze whether or not you would fit under the guide lines of lenders and programs today. In today's market especially, before a Realtor would take you out to look at houses they would want to know that you were qualified to potentially make an offer on a home that you may have found that you like. More importantly, the better you are pre-qualified, even to the point of being pre-approved, the more likely YOUR offer will be accepted by the Realtor representing the seller. The next step then is to get you pre-qualified as soon as you can so that you can have your Realtor submit an offer on the homes that you have found that you like. Please respond if you would like me to assist you in starting. Take care for now.

Absolutely!

Hello Steve. Congratulations on taking the first steps to becoming a homeowner. Freedom Mortgage is a Direct Lender and we fund loans in all 50 states. We make the process an easy one. Please send me an email and I can have you APPROVED today. Our minimum credit score is 620. adennie@fmbranch.com. We look forward to your business. Thanks.

Hi Steve,Yes, if you are at the stage of wanting to make an offer on a property, go ahead work on getting approved up to a specific dollar amount. It will go a long way to make the whole process much easier.Call me directly if you would like help on this.Best,MattPierWestCapital.com888-PierWest(743-7937) X 701

Steve, It is recommended for you to have a pre-approval so you and your agent both know the purchase price range. Most R.E. Agents will ask you to get pre-approved first and if you are putting an offer for an REO or Short-Sale, listing agents sometimes require the offer to come in with a pre-approval letter. i hope this help, if you have any more questions please feel free to call or email us directly. Houtan.Hormozian@Crestico.com - 949 242 5215

Hi Steve,Most seller's agents will not accept an offer from someone that is not pre-approved, nor pre-qualified.Also, many buyers agents will not show homes unless the buyer is pre-qualified. That makes sense. How much time might they waste on someone that can't get a loan. Now, if you are a cash-buyer they will want at least 10% in earnest money deposit.A pre-qualification is the first step in receiving a loan. An application, credit check and verifying income and assets. .... Happy funding, Rudi