Get Prequalified FIRST


Few people can buy a home for cash.  So getting prequalified for a home loan BEFORE you start looking for a home is very important.  I will explain the “WHY” and “HOW” aspects of getting prequalified.
WHY?  It will …

  • Provide an estimate of your borrowing power.
  • Is based on information you provide verbally about your income, assets, and sometimes a credit check.
  • Can often be done online.
  • Is offered by most lenders at no cost.

You will know how much of a monthly payment you can comfortably afford and getting prequalified allows you to estimate the loan amount and type that’s right for you.  Then, when you are searching for a home, you will know which homes are in your preferred price range.

More points about “WHY” …

In a fast market (like now), when something comes on the market that interests you, it is also going to be of interest to others.  If others are already prequalified for a loan and you aren’t, they can submit an offer right away.  You will be unable to.  You can’t submit an offer based on a promise that you will get prequalified.

You don’t waste your time or your REALTOR’s time looking for property your loan will not cover or it doesn’t fit into your proposed budget.

You won’t be rushing into the loan process and making decisions you will later regret.

Now here’s the HOW

Call a mortgage lender and tell them you are interested in getting prequalified for a home loan.  Who is a mortgage lender?

  • Your current bank.
  • Your current credit union.

Or you can call and/or email me for personal references to lenders I am used to working with, and I know and trust their ability, their familiarity with the area, and easy to reach when you need to ask them a question.

Sandy Smith, REALTOR® at Jeanette Shelby Realty

Email –
Office – 512-281-3412



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