Moses Lake, Wa 1st Time Home Buyer Information, part 3
To review Parts 1 and 2 scroll down
Excellent! You are almost ready to be a Moses Lake, Wa 1st Time Home buyer.
If you already have good credit and you feel confident with what you can afford, you have two options you would be wise to choose from (and your Realtor should suggest). Either call someone like Carolyn Grant at the Prosperity Center, which is part of our local Work Source program; or find a mortgage broker or lender. Either party can look at your credit and officially let you know you are pre-approved for a certain amount. If you do not know someone, ask your Realtor for some referrals.
For those of you who have been working on your credit and are now in a position to buy: Congratulations!!! You are to be commended for your hard work! Is is not an easy thing and you should be proud of your accomplishment!
When you are ready to make an offer on a property, many listing agents (they represent the seller) require you provide a letter from the lender stating you have been pre-approved for enough to purchase the property. Even if they don't ask, it is wise to provide one so the seller feels confident you are able to buy.
During escrow (the time from when the seller accepts your offer to when you are handed the keys) the lender will ask for verification of your qualifications to purchase.
Watch for more Mose Lake, Wa 1st Time Home Buyer information. To find out more now, call or e-mail:
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