Eight Steps to Finance Property

1. Pre-Qualify Interview

Prior to the property hunting process, it's wise to meet with one or more Lenders to become pre-Qualified for a loan. The pre-qualify process is not an in-depth loan application. It is a discussion with the Lender to determine your overall family income and debt. The process can take between 30 minutes and an hour. The interview can be conducted over the phone or in person. There is no fee for this service from the Lender.

We strongly recommend that you refrain from using out-of-state or Internet Lenders. Their costs are often excessive AND there are many scam artists out there.

At the end of the process you will receive a "Pre-Qualification" letter from the Lender, acknowledging that you are qualified to purchase property "up to" a given amount. This letter is needed when you submit an offer for a property, to demonstrate that you are a capable purchaser.

Once you have an accepted agreement for the purchase of a property, you will then complete a mortgage application with your lender.

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