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1053 Lincoln Way East
Chambersburg, PA 17201
Office: (717) 264-7080
Fax: (888) 651-8551

Email:
Info@TheBRGhomes.com

Blog:
https://berkrealestateblog.wordpress.com/



 
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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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1053 Lincoln Way East
Chambersburg, PA 17201
Office: (717) 264-7080
Fax: (888) 651-8551

Email:
Info@TheBRGhomes.com

Blog:
https://berkrealestateblog.wordpress.com/



 

SELLERS!
If you're planning to sell your home in the next few months, this FREE service is designed to help establish your home's current market value. Simply choose Free Market Analysis and fill out the requested information including the Realtor that you would like to work with on this request. We will use comparable sold listings to help you calculate the fair market value of your home.

Also, please check out our Listing Presentation to give you an idea of how we can assist you!

Marketing- The internet has become a large part of The Berkstresser Realty Group's marketing. Most buyers do some sort of research on the internet before calling a Realtor. Therefore we have this website to better promote our listings with extra photos. Listings are also uploaded to various websites including www.Zillow.com www.Trulia.com , realtor.com , and www.HomesandLand.com .

BUYERS!
Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use our Dream Home Finder form and we will conduct a personalized search for you.

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