September 14, 2011
Here is the Weelky Mortgage Update from Alex Szep with MetLife Mortgage
"The Importance of Planning Ahead
You've probably heard the saying, "If you fail to plan, then you plan to fail." These days, this is especially true when it comes to "planning" for the home loan process. It is so important for homebuyers to get pre-approved, which gives them written documentation that they have the full support of a lender. Sellers usually take an offer from a pre-approved buyer more seriously because they know that financing is in place and the deal is secure. Note that pre-approval is NOT the same as getting pre-qualified, which does not involve completion of a loan application that is reviewed by an underwriter.
Here are just some of the reasons homebuyers should get pre-approved...as early in the loan process as possible!
*Rates are subject to change due to market fluctuations and borrower's eligibility. Payment amounts do not include amounts for taxes and insurance. Actual payments will be higher.
Sr. Mortgage Consultant
MetLife Home Loans
Phone: (302) 533-3861
Fax: (866) 669-5868
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