Call the Holloway Home Group at 318.572.6551 or email us at firstname.lastname@example.org! Search for Shreveport home for sale!
There are many reasons out there to apply for a home loan before starting to shop for a home. Holloway Home Group, like many other realtors, highly recommend that you take this first step. There is always help available at Holloway Home Group, we want nothing but the best for the families we help. Making our clients happy makes us happy!
One of the most important things to do while shopping for a new home is getting to know your credit. First time home buyers discover their lack of borrowing can actually hurt their ability to get a loan at a good rate. Making sure to have a credit card is a good idea. Even something like a car loan would work.
How much can I afford? Good question, this is something that we all should know before shopping. Finding a nice large home first then finding out you don't qualify or can't afford it can be devastating. Holloway Home Group agents, Erin Holloway and Bobbie Hebiesen, can find you a nice house within the price range that is determined.
Do I have to get approved before I look? Of course you wouldn't HAVE to however it is a great idea. Some agents require it. When a home is found and multiple people are bidding on that home the people who are pre-qualified will be the stronger bidders in the sellers eyes. If family A is pre-approved and family B is not family A may buy the house by the time family B gets that pre-approval letter.
There are a list of things needed when applying for a home loan:
-Tax returns and W2 (2 years)
-Documentation of other income
-Recent bank statement
-A letter authorizing the lender to obtain your current credit report.
Lots of questions can be answered with a pre-appoval:
How much can I afford?
What will my monthly payment be?
Do I need a down payment?
What are the rates?
How do i get/fix my credit?
Holloway Home Group is happy to be here for you through this process! Call us today, or search homes for sale in Shreveport at http://www.findyourwayholloway.com/