3rd Wednesday Jun 2015

How to Buy a House, Step 1: Loan Pre-Approval

Written by: Vanessa
Comments: 0
Category: Real Estate Bits
White hot in Hollywood: 1920 Bungalow with 24 offers and my buyer won

White hot in Hollywood: 1920 Bungalow with 24 offers and my buyer won

You scour Curbed and DVR every home improvement show on HGTV. Your lease may be up for renewal and you’re probably wondering, why am I paying $2000 or more a month? Expecting a 2nd bundle of joy and wondering where to fit her in your 2BR? Have you contracted the I-want-to-buy-a-house bug and don’t know what to do?

Before you do anything — go to open houses, Redfin every house around you and even contact an awesome agent, the very first thing you have to do is pre-qualify for a home loan. If a house looks good and is priced well in a decent neighborhood, it’s going to fly off the market. If you’re not armed with a pre-approval, you can kiss goodbye that charming bungalow you saw last weekend.

So how does it work? It’s as easy as a 15-minute phone call or an email with either of my two incredibly awesome lenders. If you don’t dilly dally and send them everything they need, you can get your pre-approval letter the same day, write an offer and schedule the movers.

Eddie Ajamian, NMLS #342821, Franklin Loan Center, Pasadena
O: 626-219-7192 | C: 626-826-5225 | F: 626-605-2500

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