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Get PreApproved for a Home Loan

November 22nd, 2005 · No Comments

When you start shopping for the home you want, it is helpful to know how much of a loan you can really qualify for. Getting PreApproved gives you power to look at homes and negotiate for the home you want with an increased sense of confidence, instead of insecurity, benefit in negotiations and in dealing with any realtor you might be using. This is the most important reason to get PreApproved.

Second, there are a variety of loan programs available to customers. When you pre-qualify you can explore those options and choose the particular programs best suited for you. The mortgage professional that helps you will identify these programs and be able to help in your selection process. There are a number of loan options that you can benefit from, such as seller concession, where the seller contributes to your closing costs. Your OhioPreApprove.com professional can work with any realtor you use to help you negotiate a purchase contract that will benefit you.

Third, another key benefit of pre-qualification is that you get a step ahead on the loan process. The purchase of a home is very paper intensive and the accumulating of that paperwork can take time. Pre-qualifying lets you be a step ahead on this paperwork and reduce your closing time.

So pre-qualification benefits you emotionally, it benefits you by opening up your options, and finally it benefits you in preparing you to close your loan more easily and expediently. So let your OhioPreApprove.com professional help you obtain pre-qualification.

Category: Loan