Have You Gotten Pre Approved Yet

Have You Gotten Pre Approved Yet

Since I have started working in real estate I have learned a lot of things that I wish I had known before! One of the most important things I think I've learned since I've been on this amazing team of people is that one of the best first steps any person who is considering buying a home should take is to get a pre approval from a mortgage lender! And not just one but a couple actually! Lenders are all different and have several different programs that vary from the others! For example some lenders specialize in first time home buyers and have special programs they can offer those types of clients, another lender may be able to help veterans more than others. Those are just a few examples of some of the differences between lenders and some will work with lower credit scores then others and even if one tells you no another one may just say yes! Now a misconception that a lot of people have is that by having several lenders pull your credit report it will drop you score significantly! This is false!!! The credit agencies that report your score are able to tell that it is all mortgage lenders that are checking your credit history and they actually respect that you are doing your due dillagence and shopping around for the best mortgage lender for you and your family! It is only when you start having different types of financial institutions like a car place and a mortgage lender and a credit card co all checking your credit history at the same time that it will affect your score! A couple other reasons to get pre approved before you begin the search for your next home is because the lender can tell you what amount you can be approved for so you will better know what price range of a home to look at and also when you have a pre approval letter on hand your offer on your dream home will be accepted first before and ahead of anyone who does not have one! And in today's hot market that can make all the difference in getting the home you truly want before someone else does! Trust me having a good lender and a good real estate agent can make all the difference in getting into your next dream home! P.S. Call me or message me @ 317-548-6424 if you need either! ;) 


Julie Riggles - Inbound Sales Associate Headshot
Author:
Phone: 317-850-4233
Dated: August 2nd 2016
Views: 1,406
About Julie: Julie attended Warren Central High School, and continued her general studies education at IUPUI. She...

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Scott Smith Realty Group - KW
1644 Fry Road, Suite A
Greenwood, IN
317-548-6424
317-784-5576