The First Step in the Home Buying Process: Getting Pre Approved

Posted By Gracen Tilton @ Feb 10th 2020 3:53pm In: Charleston SC Real Estate

Getting pre-approved is crucial for knowing what type of home you can afford. 

While figuring out the financing might not sound like the most excitingway to embark on your house hunt, it's essential for home buying. Unless you have enough cash lying around to buy some real estate outright (and let's face it, few do) first-time home buyers will need a loan first, not a real estate agent. Furthermore, lenders don't just hand out loans to everyone who walks in their door. Rather, they'll need to review your financial history, which includes your credit score, to determine how much money they're willing to fork over for your real estate venture.

This info, in turn, will help you decide how much of a down payment you, the future buyer, can make, and which homes are realistically in your price range.

Ready to begin the home buying journey? Let me know and I can guide you through the process!

Gracen Tilton | Marshall Walker Real Estate | 582 Rutledge Avenue | 803-549-6318 |

Share on Social Media:

Follow us on