Get Prequalified
Find Out How Much Home You Can Afford.
Thinking of investing in real estate? Your first step before you look at property should be visiting with a lender to get "pre-qualified". Getting pre-qualified is a crucial step in finding out exactly how much you'll be able to afford and what kinds of loans and interest rates are available to you. Knowing your budget for a property will greatly narrow your search, so you can concentrate only on those properties that suit your needs. This will save you and your real estate professional much time and make both your efforts so much more productive.
Once you find that perfect property, your lender will be able to issue a prequalification letter to submit with your purchase offer. This letter will give the Seller assurance that you can be approved for the amount you are offering, possibly making the Seller more likely to accept an offer. This letter will help to make the purchase transaction a smooth one, and is usually manditory in making an offer on foreclosures or REO properties.
If you do not already have a lender of your choice, allow us to help you find one. We have several outstanding area lenders, who know our island and the dynamics of loans for coastal properties and condominiums. All properties are not alike, and it is essential to find a lender familiar with the issues surrounding investment properties in our area. This is a free, no-obligation service and your information always remains private. For an accurate estimate, please include as many details as possible.
