Get Pre-Approved

Find your home, find your realtor, write the contract, now you're finished. Right? Wrong! Pre-approval - Continue reading to learn why it's so important.

IND Mortgage will be happy to help you get pre-approved BEFORE starting your house search. And maybe, just maybe, the process might even be fun.

pauline@indmortgage.com | (508) 525-5415 | www.indmortgage.com

OK. You’ve made the decision. You’re ready to buy a house. Great! You’ve got that dream home pictured in your head. Now all you have to do is find a Realtor, make your offer and move in. Right? Wrong.

Your first step should be to find a trustworthy mortgage professional. But that ís not the fun part, you may say. Why start with a mortgage professional? In a nutshell, this can save money, time and increase your bargaining power.

Your loan officer is going to be able to tell you first if you can qualify to purchase a home at all. Second, if you are in the running for purchasing, your loan officer can tell you how much home you can qualify for. Think about it. Do you and your Realtor want to run around for a month or two worth of weekends, finally find your dream home, just to find out that you cannot afford it?! That ís a lot of time, and time is money (or at least a lot of wasted weekends). Wouldn’t it be better up front to know what you can and cannot buy, zero in on that, and achieve that wonderful feeling of success? Of course.

Well, you may have already thought of all that. However, did you realize that the seller of your dream home may give you preferential treatment if you’re pre-approved? The seller has a life too and time lines like the rest of us. They want deals that are going to work. They don’t want their home under contract, just to have the deal fall through because the buyer cannot qualify! So, let’s say you make a bid on a house and another party makes a bid at the same time for the same amount. The other bidder is pre-approved, you aren’t. Which bid should they accept? Obvious. Another scenario: say you (not pre-approved) make a bid and another bidder bids slighter lower but is pre-approved. Which bid would you accept?

Hopefully by now the picture is clear. IND Mortgage will be happy to help you get pre-approved BEFORE starting your house search. And maybe, just maybe, the process might even be fun.

pauline@indmortgage.com | (508) 525-5415 | www.indmortgage.com

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.