Pre-Approval is not as Scary as it Seems

     One of the first things you need to do when you are looking to purchase a home is to get approved for a home loan. Most buyers are very nervous to go through this process because they are faced with learning where their finances really are and how much home they can afford.  Don't worry, this is a normal feeling. I think (matter of fact) I know that when I purchased my first home, I was afraid that I would not get pre-approved for a loan because of the bad marks I had in the past. Once I decided that I would never know how to go forward if I didn't know where I stood now then, I would never purchase a home.

    As it turns out, the experience was not as bad as I made it out to be. The loan officer did a brief run of my credit report, went over what underwriters look for, and started telling me about the process I felt so much better. Now, you should take care of any recent marks on your credit report and make sure you are paying all of your bills on time to prove to have what ti takes to purchase and maintain a home.  Some good advice I got from my realtor at the time was that the first place you should see about getting a home loan is the company you are currently banking with.

Here is a good site to check into further: http://resources.realdirect.com/selling-techniques/seller-financing-what-home-sellers-need-to-know/

Til next time,
JC