Mary Geidel

GETTING LOAN APPROVED

Most Real Estate agents and Lenders recommend that home buyers get loan approved with a lender before selecting a home to purchase. The choice of a lender is a very personal decision. As your real estate professional, I have  access to many lenders offering a variety of loan programs to suit your particular needs.



REASONS TO GET LOAN APPROVED....


* With loan approval, you can determine which loan program best fits your needs and which programs you qualify for. 

* You will know exactly how much you are approved for. It's no fun to find your "ideal home" and then find out you can't afford it.

* Your monthly payment can be set. This will allow you to budget your money before making this large investment.

* It shows you what the likely or approximate down payment and closing costs will be.

* Loan approval letters are typically required when submitting an offer to purchase. 


* Improves your negotiating position with the seller.

* Saves time once you’ve selected a home. The loan process is already under way.