Austin-PreApproval

Austin PreApproval: Why should you be PreApproved for a Mortgage?

Home mortgages in Austin TX range from starter homes to jumbo and super jumbo loans for estates

Preapproval answers the question, "How much house can you afford?"

* Preapproval is free, with no obligation.

* Discover the loan amount for which you can be preapproved

Factors which are considered for your Preapproval:

where you've lived and worked for the last two years

Start the Austin PreApproval process witht he formon the next page. your current employment status (1 pay stub verifies earnings),

Austin PreApproval requires a look at your financial status your assets: checking, savings, investments, retirement accounts, etc.

Your current debt profile adds in to qualification criteria to deliver an Austn PreApproval your current debt profile: mortgages, loans, credit cards, alimony, child support, etc.

Once Terri receives this information, she will discuss with you your short-term needs & long-term goals and ascertain your comfort level for a monthly housing payment. She will run a credit report, analyze the data and get back to you with findings and recommendations.

This will give both you and your agent a clear sense of the direction to take.

Your agent should insist you get preapproved before you start looking for a house. By knowing what your financial parameters are, your agent can spend more time looking for houses that fit, and waste less time pursuing the wrong house. Nothing is more frustrating than looking at the wrong house, then falling in love with one you cannot afford.

And maybe you can afford more than you thought, and get that extra bedroom or family room! Preapproval takes the guesswork and fear out of the mix.

Perhaps most importantly, Preapproval will strengthen your negotiating position. Your offer stands out in case of multiple offers for the same house. Look at it from the seller's perspective: If you had two offers on the table for your house, one from a preapproved buyer (you!), the other from someone who didn't know if they could afford the house, which would you be more inclined to accept? Sometimes lower offers are accepted because the buyer was preapproved. Sellers, buyers and agents are also fearful a transaction will fall apart because of mortgage denial. Preapproval eliminates unnecessary worry and stress. Become stress-free today, call Terri Wood at 512 470 2395.

Preapprove me!

Please note that prequalification is different from a Preapproval. Prequalification gives you an estimate of how much you may be able to borrow. Preapproval, on the other hand, indicates that, based on information provided, that you have been approved for a set loan amount prior to property selection. Any changes in financial profile may affect preapproval.

Preapprove me

Contact Terri Wood: direct - 512 470 2395 email: terri.wood@unitedlendingusa.com

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email Terri: terri.wood@unitedlendingusa.com