Get Pre-Approved

Getting prequalified for a mortgage can strengthen your bargaining position when you put in an offer and make your offer stand out in a case of multiple offers for the same house. If you look at it from the seller's perspective; if you had 2 offers on the table for your house, one from a fully prequalified buyer and the other from someone who has not looked into financing yet--to which offer would you devote the most attention? Even if the prequalified buyer's offer was $1000 less, would you take the chance on the buyer that perhaps may not be qualified? When it comes to a seller evaluating offers, "a bird in the hand..." definitely applies.

There are many different kinds of mortgage programs available. It is best to do some research about the pros and cons of each program. A real estate broker can help you understand the steps you will need to take, and can refer you to a reputable mortgage broker or service. There are also special home buying programs available from various organizations and many local governments that offer special home buying programs to help first-time home buyers and those in a lower income bracket. We recommend Independent Mortgage Services of Mansfield to help you find the program that is right for you.