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NEW LISTING:
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$529,900
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5 bedrooms - 3 bathrooms - 3529 square feet
more...
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Testimonial for Kim
Buying and selling a house is no easy task, especially if you are doing so and moving to a new state. However, with the assistance of Kim and Lynell, the process of buying our new home was simplified and we could not have asked for better service. Kim and Lynell were our "eyes and ears" while our new house was being constructed, providing pictures of the progress being made since we could not be there to witness it ourselves. In addition, when the time came for our house to be finished and ready for us to move in, Kim really pushed to make sure that timelines were being met and that all construction was finished on time. And if all that weren't enough to make Kim the best agent we have ever worked with, six months later she has still been available to help us as needed with various issues. Kim and Lynell are more than a great team to work with; they have become our friends and we would not hesitate to recommend their services to anyone. Thank you Kim and Lynell for everything. You are truly fantastic ladies and we couldn't have made this move without you.
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Services for Buyers > Preapproval vs. Prequalifying
A Pre-Approval presents a powerful tool for you toward the purchase of that new home with minimum of surprises and disappointments. It presents you as a "cash" buyer to the seller.
 Talk to a Lender
Anyone who wants to buy a home today should go to his or her lender first. The understanding of how much can be borrowed presently reduces the possibility of disappointment later. Your lender can provide guidance as to how to prepare and position you for a home that is currently out of reach.
A realistic understanding of how much loan you can reasonably expect to qualify for is a good step toward the goal of homeownership, and a letter of pre-approval can be the mechanism that makes that happen. There is a distinct difference between a letter of pre-qualification and a letter of pre-approval, and it is important that you be aware of this distinction.
Pre-Qualification
Pre-Qualification means there have been loan calculations made that show how much you "may" be able to borrow. While pre-qualification can reduce the processing time for home loans, indicate how much house you can afford, and provide a certain leverage in bargaining power, it doesn't necessarily guarantee that such a loan will, in fact, be made by a lender.
Pre-Approval
Pre-Approval means you actually have a loan waiting, subject only to finding the home and the home appraising at the sales price. The "pre-approval" letter represents an actual commitment on the part of the lender. In order to secure such a letter it is necessary to complete a formal loan application and pay the associated fees. Credit, salary, and bank funds, will be checked, and if the loan is a good investment, the lender will issue a pre-approved letter that provides a commitment for a limited period of time, subject to a satisfactory property appraisal and title search.
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Kim Heddinger, Principal Broker/Owner CRS, SRES, GRI, ePRO, ALHS
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