Prequalify Me!
On the road to home ownership, seasoned homebuyers know that getting a prequalification letter from a lender is Step Number One. Why should you do the same? Here are four reasons:
- Knowledge: It gives you an idea of how much you can afford to spend on a house. This helps you narrow down your search and avoid looking at homes that are out of your price range.
- Competitive advantage: It shows the seller that you are serious and financially capable of making an offer. A prequalification letter can give you an advantage over other potential buyers how have not yet been prequalified.
- Speed: It can speed up the homebuying process. Once you have found the right home, having a prequalification letter already in hand can help you move quickly to make an offer.
- Avoid Surprises: It can help you identify any issues with your finances that may need to be addressed before you can qualify for a mortgage. This can help you avoid any surprises or delays later in the process.
We have a list of trusted and proven lenders who are experts on prequalification here on Guam. We will be happy to introduce you to them, contact us today!
