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How to Prepare for The Financing Process THE BEST ADVICE… GET PRE-APPROVED Most real estate agents and lenders highly recommend that you, as a home buyer, get pre-approved with a lender before selecting a home to purchase. This way, you will have the best information about the right price range for your pocketbook. 9 GREAT REASONS TO GET PRE-APPROVED 1. Pre-approval determine which loan program best fits your needs. 2. You won't waste time considering homes you cannot afford. 3. You are ready to write and present an offer on the home you really want when you find it. 4. Your buyer specialist can give the seller a pre-approval letter for you. 5. In today's market, with multiple offers on properties, pre-approval puts you in a much better negotiation position. 6. You will know the amount needed for down payment and closing costs. 7. If you are a first-time buyer, you may be able to qualify for a special first-time buyer program that may allow you to afford more home for your money. 8. If you feel you would like and can afford a higher mortgage payment, other options may be available. 9. Peace of mind. Cindy's Helpful Real Estate Information: Establishing Common Goals, Our Pledge Why Every Buyer Needs a Home Inspection The Home Inspections How to Prepare for The Financing Process Understanding Closing Costs Back to Cindy's Main Page Why Work with the Sharron Kelley Team? Sharron Kelley, CRS Relocation Specialist Hall of Fame, ABR, CRS Office: 847-388-7518 Fax: 847-963-8660 E-mail Sharron RE/MAX SHOWCASE 25884 East Route 83 Long Grove, IL USA 60060-4236 Tollfree: 1-800-575-8661 NorthernIllinoisHomes.com Lake County, Illinois Real Estate and New Home Listings Copyright © 1997-2008 Sharron Kelley, Realtor. All World Rights Reserved.