Buying Highlands NC Real Estate, Getting Pre-Approval for Mortgage
Getting pre-approved for a mortgage is helpful when buying Highlands NC real estate. Knowing what you can afford is one thing, knowing you can get a loan is another. Additionally, sellers take offers from pre-qualified buyers more seriously, which can make your offer stronger. If you have not spoken with a lender, get some referrals from friends, family members, and your Highlands NC REALTOR.
What will you need to get pre-approved?
Providing documentation is an essential part of the loan approval process. Furthermore, the more prepared you are the smoother the process will be. You should have some basic documents when you meet with lenders. Identification, proof of income, bank balances, and documents that show other income, gifts, or property ownership are necessary for the approval process. Putting an offer in for a Highlands NC home for sale is one thing, securing a loan is another important part of the process.
Property search easier when pre-approved
Knowing what you can afford is important when starting the buying process. Furthermore, if you are not paying cash you will be securing a loan. While some people may do this through private resources most will do so through a bank or lender. The majority of home sales have some type of mortgage and having this lined up will make a Highland NC property search run more smoothly.
Learn more about buying Highlands NC real estate
Contact me, Lynn Kimball, for more information related to buying a home in Highlands NC. I welcome the opportunity to update you on the market while answering all of your questions. Let my knowledge and experience serve as your guide to buying Highlands NC real estate.
Click here for mortgage and pre-approval information from House Logic.