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Pre-Approval | The McLeod Group Network - KW Capital City Blog

Wednesday, October 17, 2018   /   by Amy McLeod

5 Tips for Starting Your Home Search

In today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time homebuyer if you aren’t prepared.


In a recent realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process.


1. Get Pre-Approved for a Mortgage Before You Start Your Search


One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.


This step will also help you narrow your search based on your budget and won’t leave you di ...

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  amy mcleod, mcleod group network, homebuyers, buying a house, first time home buyers, down payment, owning a home, credit score, pre-approval, buying your dream home, millennial homebuyers

Monday, August 20, 2018   /   by Amy McLeod

Oops! 5 Mortgage Moves You May Not Realize You Need to Do

Getting a mortgage is easy, right? You’ve seen the TV commercials and the billboard ads touting promises like, “Get approved for a mortgage today!” Well, sorry to break the news, but the reality is that obtaining a home loan isn’t just one mouse click or phone call away.
There are a number of hoops to jump through and hurdles to cross before a mortgage lender will issue you a loan. To switch metaphors, it's less of a sprint, more of a triathlon—and it’s easy to overlook an important stage or two as you move toward the finish line.
Curious what home buyers often miss, much to their chagrin? Here are five essential steps that many people don't realize are needed for a mortgage.
1. Get pre-approved
In any highly competitive housing market, it's akin to self-sabotage not to get pre-approved before making an offer on a house.
Pre-approval is a commitment from a lender to provide you with a home loan of up to a certain amount. Th ...

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  amy mcleod, mcleod group network, homebuyers, buying a house, first time home buyers, mortgages, mortgage interest rates, credit score, pre-approval, appraisals, home loans

Monday, April 16, 2018   /   by Amy McLeod

Getting Pre-Approved Should Always Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach.
Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:
“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”
One of the many advantages of working with a local real estate pr ...

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  amy mcleod, mcleod group network, homebuyers, first time home buyers, buying a house, home prices, down payment, mortgage interest rates, mortgages, credit score, pre-approval

Wednesday, January 31, 2018   /   by Amy McLeod

6 Mortgage Questions a First-Time Home Buyer May Be Embarrassed to Ask

Mortgage questions abound when you're a first-time home buyer. Compounding the challenge is the embarrassment over interrupting the conversation with a would-be lender or seller to ask, "'Scuse me, what is a credit score? How much money do I need as a down payment?" Everyone knows this stuff, right?
No, they don't all know—so you should ask these questions. Or, at the very least, study up a bit so you know the basics. To help get you up to speed, here's a crash course on the most common mortgage questions and answers you need to know. Take five to read on, and wonder no more.
1. What do you need to get a mortgage?
Before loaning you money, lenders want to see proof that you've proven reliable paying off past debts, so you'll need to start establishing credit.
"There are ways to verify your past payments on utility bills, cellphone, and rent," notes Michael E. Matthews, senior vice president of PrimeL ...

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  amy mcleod, mcleod group network, homebuyers, first time home buyers, buying a house, credit score, down payment, pre-approval

Monday, December 11, 2017   /   by Amy McLeod

Why Getting Pre-Approved Should Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.


Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach.


Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:


“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”


One of the many advantages of working wit ...

Read More


  amy mcleod, mcleod group network, first time home buyers, buying a house, credit score, down payment, pre-approval

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