Home Buyers - Getting Pre-Qualified is your first step - Utah Home Loans

By:  Robert A. Hulme - Realtor - Loan Officer

The time has come to start shopping for a home to purchase.  The first thing that you should do is to get pre-qualified for a home loan.  It is very important to understand what your price range is prior to looking so you don't waste time looking at properties that are out of your price range.

Where do you begin?

Most Realtors work with a trusted network of Mortgage professionals, who can assist you in getting pre-approved for a loan so that you can comfortably begin looking at homes with the assurance that you can obtain the proper financing.

Generally, loan officers can help you with a pre-approval by getting some basic information (address, social security number, etc.) over the phone or internet.

If you choose to purchase a new home, many builders have mortgage companies that will offer large incentives to use them.

Most Realtors prefer that their clients begin the loan process before they begin looking actively at homes, in order to best utilize your time as well as theirs.  It also helps immensely having a pre-approval letter in hand when you are making an offer on your new home.