Tuesday, 16 December 2014

Jeff Adams Real Estate Tips to Attain a Mortgage

If you are serious about buying a home, cleaning up your credit should be the first item on your program. After going through your credit report, identifying, paying off and closing most of your credit cards, your next step is to shop for a mortgage.

To pre-qualify for a mortgage, you meet with a lender and give information about your possessions, income and liabilities. Based on those details, the lender will approximately estimate how much money you can use.

The pre-approval procedure is more official than the pre-qualification procedure. With pre-approval, the lender checks your credit, verifies your monetary and employment information and confirms your capacity to qualify for a mortgage.

Mortgage brokers, banks and real-estate agents are all popular sources for mortgages. While no single source offers the ideal solution for every customer, knowing the pros and cons of each type of lender will help you choose the one that's correct for you.

Real-estate agents often play a major role in introducing their customers to lenders. Since real-estate agents make their living selling houses, they obviously have good associates in the mortgage industry, serving as a major convenience for their clients.

More Details: Jeff Adams Real Estate

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