http://tampatodayrealestate.tumblr.com/post/94743318380/get-a-pre-approval-before-house-hunting-in-south-tampa http://www.tampatodayrealestate.com/ - If you're buying a new South Tampa home make sure to get pre-approval for a housing loan. Getting pre-approved for a home loan is the most important step in purchasing a home specially for new buyers. If you are currently looking for homes for sale in South Tampa area and you need more advice regarding pre-approval, don’t hesitate to call me, Mary G. Diaz at 813-245-9677.

1. Get a Pre-approval
Before House-hunting in
South Tampa FL!

2. Getting pre-approved for a home loan is the
most important step in purchasing a home. If
you are a new home buyer, you will appreciate
following this advice early on in the home
buying process. In fact, most sellers will ask you
if you have been pre-approved by an
established bank or mortgage company before
they consider your offer.

3. A pre-approval will also help you focus on what
homes you can afford and save you from the
heartache of choosing a home you fall in love
with only to find out that you cannot get a loan to
buy it. Ask your real estate agent to assist you in
meeting a reliable mortgage company and loan
officer before you spend time looking for homes
for sale in South Tampa area.

5. Once you get an appointment, the lender will collect
all the information needed to offer you a loan. They
will also check your credit report. Remember that
there may be a fee to be charged in this process.
Bring important documents that will confirm your
identity and assets such as driver’s license, bank
statements, W-2 or tax return if you’re self-
employed, payslip or retirement accounts.

6. After the evaluation, if they are satisfied with what
they learned, they will issue you a GFE or good faith
estimate which is a document stating the terms of
the loan, interest rate, type of loan and closing costs.
Since the process of pre-approval may take some
time, consider getting this at least 6 months before
you plan to buy real estate in South Tampa so you
will have enough time to make corrections or
adjustments in the required documents.

7. Now, being pre-approved does not mean the
lender guarantees you the loan. It basically
means you are approved to get a loan unless a
drastic, unforeseen event happens. First, the
home you wish to buy will be appraised to
confirm that the price you will pay to buy the
house is not higher than its market value so in
case you default on the loan in the future, they
will be protected.

8. All home buyers should prioritize the process
of getting a pre-approval. It will ensure an
easier process soon once you find the home
you wish to buy because owners of South
Tampa area real estate for sale often
prioritize prospective buyers who have been
pre-approved.

9. If you are currently looking for homes for
sale in South Tampa area and you need more
advice regarding pre-approval, don’t hesitate
to call me, Mary G. Diaz at 813-245-9677. I
am very willing to answer your questions
and make your home buying experience the
best it can be!