Are you Preapproved?
Before you begin to shop for a new home, you should begin the process of being pre-qualified for a home loan. We’ll look at your credit profile, income, assets and liabilities and assess goals for a down payment and get an idea of different loan programs that would work for you. You will be issued a pre-qualification letter indicating the amount that you are pre-qualified to borrow and for which loan program that you are pre-qualified.
We can also issue you a pre-qualification letter that you may send in with a contract when you offer to buy a home. A pre-qualification letter shows the seller that you are serious and in a situation to be purchase a home. The seller will rest easier and be more confident in considering your offer, because they know you have been pre-qualified to obtain the necessary financing. We can also run different numbers for you so that you will know what the payments would be for your next home OR we can find out what price range home that you should look for to keep your total monthly payment within a range that is comfortable for you.
Once you are pre-qualified, it’s time to work on getting pre-approved. Simply gather the information listed on our Loan Application Checklist.
Call us so we can arrange to meet you at our offices or we will even come to you to pick up your documentation. You can be sure all documentation is kept extremely secure and is used to make the process of obtaining your next home loan quick and smooth. During the pre-approval process, we actually look at all of your documentation closely in preparation to send your loan to the lender for final approval.
A pre-approval letter shows the seller that not only are you pre-qualified to buy a home, but that all your documents have been closely examined and are ready to go to underwriting for final approval once you have a contract. This also shows the seller that you will be able to obtain financing quickly, which could make your offer more desirable than someone who offers a contract with no pre-qualification or pre-approval letter.
Our team is ready to assist you. We desire to make the loan process quick and easy for you. We also pride ourselves on having very competitive interest rates and low closing costs while being able to offer you local, professional, and personal customer service.
7607 Fern Avenue
Shreveport, LA 71105