Eden Prairie Real Estate – Are you a Pre-Qualified Buyer?

In Blog on June 1, 2012 by Community Expert Team

If you are in the market for a home in Eden Prairie, Minnesota, you are probably spending a lot of time visiting and comparing properties. While this is an essential part of the process, you don’t want to overlook one other detail: becoming pre-qualified.

Buying a home, regardless of the area and type, is expensive. You must make sure you know how much you can get a mortgage for. The best way to answer this question is to speak directly with a lender or do business with an Eden Prairie mortgage broker.

Once you are pre-qualified, you will know exactly how much you can spend on your home. Of course, you don’t have to spend as much as you are qualified for. This is nothing more than a basic guideline.

Did you know that a pre-qualification letter would make you look better in the eyes of a seller? With this in hand, you can show that you are serious about moving forward and that there will not be any delay with the financing portion of the transaction. This is a big deal to some sellers, especially those who are considering multiple offers.

If you have yet to become a pre-qualified buyer, speak with a lender or broker today. Soon enough, you will have a pre-qualification letter that shows how much of a home loan you qualify for.

This is one step of the purchase process that you don’t want to overlook.


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