Why Finding the Right Mortgage Company Is So Important

Pittsburgh Real Estate Podcast with Gina Giampietro

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Finding the right mortgage company is important, and you need to know that going online and getting a pre-approval is not a qualified pre-approval. It’s easy to be misled by the process. You go online, enter your information, and get a pre-approval letter. Afterwards, you call an agent, start looking for houses, and finally find the one you want. Finally, you call the mortgage company and tell them you found a house.

Here is where the rude awakening happens - they’ll tell you that you’re not approved. This is because a basic online pre-approval is not enough. Nobody has ran your credit or verified your income. Now you’re stuck looking for a house that you’re not qualified for.

A home is one of the biggest assets you’ll buy in your lifetime. It’s important to take the process seriously. When you hire an agent, most of them will already have a mortgage company to recommend. My advice is to use the company your Realtor suggests. Your agent has already worked with them, so they know they’ll get you the best deal possible. At the same time, they’ll make sure you’re actually qualified and what you’re qualified for.

Knowing the ins and outs of your mortgage is crucial. Work one-on-one with your mortgage lender in order to find out what your comfort zone is as far as price range and how much money you’ll actually need to make the best possible transition into your new home.

Thank you for visiting my blog today. If you have any questions, send me an email or give me a call.