Getting an idea as to the price of the home you can afford is an important first step in the home buying process. By understanding the price range you can afford, you can look for real estate in the appropriate areas and really find the ideal home for you. By working with me, together we can determine what the right home for you would be. Below you will find some helpful information to help you get a better real estate price point.
Loan prequalification vs. pre-approval
Getting pre-qualified for a loan can help you determine what you can afford. Please fill out the following information and I can help you determine at what price we should start looking at. Things such as your credit history, your income, your outstanding debt, monthly expenses, employment history, the type of mortgage you want, and the amount of savings you have can all impact on how much real estate you can afford.
NOTE: In "Today's Market" in order to put an offer in to purchase a property whether home or land, you will need a pre-qual letter from your lender submited with your purchase contract. If you're paying CASH you will need a "Proof of Funds" letter from your bank submitted with your offer.
Call you Banker or one of the following to get the latest financing information.
- Patty Bode, Vice Presidet, M&I Bank - Direct 480-710-7098 patty.bode@micorp.com
- Sherri Walther, Mortgage Banking Officer, Compass Bank- Direct 602-619-4504 sherri.walther@compassbank.com
How to Clean Up your Credit Score?
- Read the procedures to correct incorrect information on your Credit Report.
- Plus the phone numbers and websites for the 3 credit reporting agencys.
- Click on this LINK http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre21.shtm
