Tips to Getting Preapproved

If you are looking to buy a new home this year, then you will have to get preapproved from a lender before you can make an offer. Getting the money to buy a home has gotten a lot more tricky. Here are a few tips to help you get preapproved for the loan you need to buy your real estate choice with.

Top Tips to Getting Preapproved for a Home Loan

  • Look around at the surrounding areas for lenders that have great interest rates. You do not want to settle for a lender with high rates.
  • Return all paperwork back to the lender on time.
  • Work on getting your credit score higher than what it already is. Pay down your credit cards and keep people from performing credit checks. Each check hurts your credit score.
  • Be persistent with your representative. Call often to check on the status of the loan. Sometimes an application can get lost in the shuffle of people applying for loans.

For more information about getting preapproved for a home loan in the Lafayette, CA area please call Cary Amo at Sotheby’s. She can help answer all of your questions and help you through the approval process. Do not settle for second call today and let her work for you.

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