Usually the number of buyers searching for their dream home is outnumbered by the number of homes for sale leaving a buyer often needing to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage.
I recommend that you work with your mortgage broker/lender to get pre-approved as soon as possible. Pre-approval will tell you how much you can afford for your new home and help you move faster in competitive markets.
One of the advantages of working with a local real estate agent is that they may have relationships with lenders who will be able to help you with this process, if you don’t have one of your own. When you select a lender the next step is to complete a loan application and provide them with information regarding your credit, debt, work history and how much you wish to put down on your purchase. Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.
Most home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so.
If you would like to discuss the many opportunities to invest in Staten Island Real Estate please contact me. I can be reached at 718.816.7799 or email Anthony @CasandraProperties.com