WE UNDERSTAND

At Neuman & Neuman, we understand two very important principles about buyers and home loans:

1) Every buyer is uncomfortable discussing personal finances
2) An offer to purchase a home without a letter of pre-approval is a weak offer.

If you seriously want to buy a home, you must overcome principle number one! Absolutely nobody can buy a home without disclosing their financial circumstances to several people.

During the initial consultation with Neuman & Neuman, the issue of financial qualification will come up. But we're not nosey; we don't personally need to know your entire income, expense and credit history. But we do need to be assured that you are taking the steps to become financially qualified by a lender to buy a home before you actually go shopping. Which brings us to principle number two.

Making an offer when you have a loan pre-approval letter at hand is almost as good as making a cash offer. Sellers weigh offers based on the strength of the buyer's financial capacity to actually complete the transaction. A pre-approval letter tells the seller that you can in fact buy the home! This is the strongest position a buyer can be in.

5 Great Reasons
To Be Pre-Qualified By A Lender

You will know in advance what your payments will be.

You won't have to waste time considering homes you cannot afford.

You can shop in advance for the best loan package.

Sellers will find your offer-to-purchase more favorable when your offer is accompanied by a lender's letter of pre-qualification.

You will enjoy increased loyalty from your agent. Buyers aren't considered "serious" buyers until they take the pre-qualification step.

 

BEST ADVICE:

Take the pre-qualification one step further and get a full loan approval. This is the best approach. Your Neuman & Neuman buyer's specialist can help you with all of the details!

We want to make it easy for you to overcome the discomfort you will feel when you start to talk about your finances. For this reason, we have provided an online mortgage self-pre-qualification form. Just follow the instructions and you will have a good idea as to how much of a monthly home loan you can comfortably manage, and how much of a home purchase price you can afford.

Please understand, there is a difference between pre-qualification and pre-approval. A pre-qualification simply means that, from the figures you provide, you should be able to qualify for a home loan of a specific dollar amount. A pre-approval means all of this, plus the lender has confirmed your credit history and verified income, assets, liabilities and source of down payment funds.

If you do not have a relationship with a mortgage lender, we can help you get pre-approved by introducing you to lenders whom we trust. While you are under no obligation to use any lender we might refer you to, we have developed associations with lenders who have proved themselves over and over to be reliable and competitive in their dealings with Neuman & Neuman clients. Then you become a more informed consumer able to make informed decisions about your home loan.