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Wednesday, November 07, 2012

Don't get "pre-qualified" for a mortgage if you are serious about buying a home

Don't get "pre-qualified" for a mortgage if you are serious about buying a home

Pre-qualified for a mortgage does not carry much clout with sellers. 

Being pre-qualified means you have entered some information and based on your information you have been pre-qualified.  The problem is your information has not been verified or documented.

Serious home shopping can be a pretty intense process.  Knowing the real cost (principal, interest, taxes, insurance, home owner association dues, etc) is key for serious buyers.  The place to start is with a mortgage pre-approval.

Pre-approval means your lender has done their homework and validated your credit history and ability to pay. 

Mortgage pre-approval can give you confidence as you shop and when you find your new home the sellers will know you are serious with your offer. 

Now if you are a casual looker who wants to see what is being showcased in new construction then the Parade of Homes is the place to go.  In Brevard County there is a Spring and a Fall Parade of Homes. 

The Fall Parade of homes runs through November 11th.  Hours are from 10 a.m. to 5 p.m. Monday through Saturday and noon to 5 p.m. Sundays.

For information on buying and selling houses and condos in Brevard County, Florida call me at 321-693-3850 or email me.

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