Getting Pre-Qualified

The Benefits Of Getting Pre-Qualified For Your Lake Tahoe Dream Home

It’s almost always a good idea to get pre-qualified before you move forward with a home purchase in the Tahoe area. The home buying process can be very lengthy and it’s smart to do anything you can to speed up the process. Getting pre-qualified will also help to build your confidence as you’ll be able to have more knowledge and information about your current financial standing.

Top Reasons To Get Pre-Qualified Before Moving Forward

  • You’ll have knowledge about which types of loan programs will be best for your home buying needs.
  • You’ll have more operable information when searching for your dream home. You won’t be blindsided by falling in love with a home that’s outside of your price range, as you’ll know exactly how much you are qualified for.
  • You’ll have a better understanding of what the downpayment and the closing costs will be.
  • You may be able to qualify for special programs that are geared specifically towards first time homebuyers. These programs enable you to either save money on the price of the home, or even allow for a bigger purchase price.
  • When you meet with your lender to lay out the different financial options you have available, it will require you to come face-to-face with your reasons for buying a house in the first place. The Tahoe area is very unique in the strength of its community and the unparalleled natural beauty.
  • In a competitive housing market it’s important to have every advantage possible. Getting pre-qualified will help you to be taken more seriously, and you’ll be given a higher priority than other buyers.

If you have any more questions about the pre-qualification process, make sure you get in touch with our Lake Tahoe real estate team. We’re here to guide you through every step of the process.