Darcia Boyd | Boyd Realty
Broker/Agent
T 512.308.5528
E darciaboydrealty@aol.com
Darcia Boyd donates a percentage of closing proceeds from each sale to support the Bastrop Food Pantry.
"Pre-Qualified" or "Pre-Approved"
T. 512.308.5528
If you are "pre-qualified", you have determined, with a loan officer, what price you can afford based on the down payment, your debts, and the amount the mortgage company will approve for your mortgage. Being "pre-qualified" is a determination of your probable credit.
Pre-approval means that you have applied for a mortgage; you have filled out the mortgage application, the lender has received your credit report, and verified your employment, and all existing assets. When you are pre-approved, you know exactly what the maximum loan amount will be.
Benefits of Pre-Approval:
You look at the RIGHT homes in your price range
You close the deal more QUICKLY
You MINIMIZE the STRESS of whether or not you are going to qualify
You SAVE MONEY working with a seller that knows you are pre-approved
Once you are Pre-Approved, the seller views You as a “CASH BUYER.” It is viewed as a POSITION OF STRENGTH when negotiating the contract
