If you are interested in buying a home on the Treasure Coast, the first step is always to get pre-approved for a mortgage. Using our recommended mortgage lenders and mortgage tips, you will learn the mortgage pre-approval process, understand what you need to qualify for a mortgage, and feel comfortable knowing you're getting the best deal when financing a Treasure Coast home. Using a great mortgage lender means you will have all of your questions answered, you will pick the best Treasure Coast loan program available to you, and you will know important numbers up front. This includes things like your interest rate, down payment, and closing costs. You can check the Mortgage Pre-Approval Checklist to get an idea of what you'll need.
The Treasure Coast MLS Search works closely with reputable local mortgage lenders that offer buyers the most competitive interest rates on the market as well as area-specific loan programs that many other mortgage lenders won't know about. If you are thinking of buying a home on the Treasure Coast, contact us to get linked up with a loan officer you can trust to help us get you the best deal possible.
Financing your home is perhaps the most important process in the process of buying real estate. Before you start to look at properties in person, you should know (1) how much you can and want to spend, (2) what loan options are at your disposal, and (3) what your closing costs, prepaid expenses, and other costs of buying a home will be. Getting pre-approved takes the guesswork out of the entire home-buying process, and more importantly, it lets homeowners know you are serious when you submit an offer.
What's the difference between a mortgage pre-qualification and pre-approval? Getting pre-qualified means that the lender hasn't completely vetted the buyer's validity, so you can think of getting pre-approved as a more tedious way to ensure you qualify for the home you want to purchase. It will also be more attractive for a home seller to accept your offer since they know the lender has verified your ability to qualify for the loan and go through with the purchase.