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Getting a Legitimate Lender and Getting Pre-Approved

It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today’s market, that has proven to be one of the least effective methods in landing the dream home.

Most lenders can pre-qualify you for a mortgage over the phone. Based on general questions about your income, debt, assets, and credit history, lenders can estimate how much mortgage you qualify for. However, being pre-qualified and pre-approved are different things. Pre-approval means that you have applied for a mortgage; you have filled out the mortgage application, received your credit report, and verified your employment, assets, etc. When you are pre-approved, you know exactly what the maximum loan amount will be.

A pre-qualified letter is not verified and in essence, does not count for much if you are competing with other buyers who are pre-approved. When you are pre-approved, you and the seller know exactly how much house you can afford. It gives you credibility as an interested buyer and lets the seller know immediately that you will qualify for a loan to buy their property.

In addition to being pre-approved, it’s important to be pre-approved with a legitimate lender. Legitimate lenders include: banks, mortgage bankers, credit unions, savings and loan associations, mortgage brokers, and online lenders.

Some lenders to avoid: those who lose a form or misplace a file, those who gather information from you in an unorganized manner, those who are not informed about interest rates, points or costs, and those who cannot provide you with the right information.

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Thank you for visiting my site Highlandscountyhomes.com. If this is your first visit, take your time and look around at some of the great affordable and attractive homes. Highlands County has some of the most spectacular lakefront homes for sale. Highlands County Homes allows you to search directly from the MLS, the same syatem that realtors use where you get a true real time list of active properties. When you search on Trulia and Zillow and others, they are not linked to the MLS so many times you are wasting time looking at home that are no longer on the market. Through this site you can customize your search and find exactly what you want at the price you want and know it is active.

Waterfront Homes and Canal Homes can be found on over 25 lakes in Highlands County. Highlands County is called Highlands because it is the highest point above sea level in Florida. Lake Placid is like a paradise of rolling hills, curvy roads and spectacular lakes with sweaping water views. Sebring is located directly in the middle of Highlands County with Lake Placid to the South and Avon Park to the North.

I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

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Thank you for visiting my site Highlandscountyhomes.com. If this is your first visit, take your time and look around at some of the great affordable and attractive homes. Highlands County has some of the most spectacular lakefront homes for sale. Highlands County Homes allows you to search directly from the MLS, the same syatem that realtors use where you get a true real time list of active properties. When you search on Trulia and Zillow and others, they are not linked to the MLS so many times you are wasting time looking at home that are no longer on the market. Through this site you can customize your search and find exactly what you want at the price you want and know it is active.

Waterfront Homes and Canal Homes can be found on over 25 lakes in Highlands County. Highlands County is called Highlands because it is the highest point above sea level in Florida. Lake Placid is like a paradise of rolling hills, curvy roads and spectacular lakes with sweaping water views. Sebring is located directly in the middle of Highlands County with Lake Placid to the South and Avon Park to the North.

I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

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