Why You Should Get Pre-Qualified

Pre-Qualification for a loan offers a wide variety of initial benefits for home buyers seeking to purchase real estate in Clovis, New Mexico. By first pre-qualifying for a loan, home buyers and Real Estate Agents can quickly assess the buyers purchase potential prior to shopping for a home in addition to discovering potential setbacks and limitations in the purchase process.

Again, the biggest benefit of getting pre-qualified is that you will already have an idea of how much you will be able to afford. This will help save you a lot of time and effort looking at houses that might actually be out of the price range that you will be able to afford. Also, this will help avoid instances wherein you will fall in love with a house only to find out you cannot afford it.

Once you have an idea of how much you might be able to afford, you can log on to the Internet and look for free mortgage calculators. These calculators will help you get an idea of how much your monthly payments will most likely be. When you’re looking around for a house to buy, this will help you stay within range of how much you can afford.

Another big benefit of getting pre-qualified is that it can get you a higher loan that you first expected. Some Mortgage Lenders will lock in rates and offer first time buyer incentives with the pre-qualification information in hand. Why? Because when you are pre-qualified, lending companies will have already verified your income sources and credit history. A substantial part of the lending process has already been completed reducing the amount of time remaining to close the sale.

It is quite easy to get pre-qualified for a mortgage when buying Clovis, NM real estate. Simply arrange to complete the process with a Mortgage Lender recommended by your Realtor Agent, or ask around for recommendations from friends, neighbors, and family. Then as Nike says, “Just do it,” get the paperwork out of the way. After the paperwork has been processed, you’ll most likely be given a certificate of pre-qualification from your lender.

Getting pre-qualified is fairly easy and requires very little effort on your part but puts you in a much better position when you go shopping for your new home.

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• Standard Features

  Heated living area: 2,500 - 5,000 sq. ft.
  
  Outside: All-brick exterior. Automated sprinkler system. Fenced and seeded backyard.
  
  Garage: Two to six car attached garage
  
  Bedrooms: Three to five bedrooms
  
  Closets: Walk-in closets in all bedrooms
  
  Baths: Two to four bathrooms
  
  Kitchen: Raised panel cabinet doors. Solid-surface or Granite counter tops. Upgraded appliances
  
  Floors: Ceramic tile (or other high quality, hard surface flooring) in the entry, kitchen, dining room, utility room, and formal dining room. Durable stain and soil resistant carpeting throughout the remainder of the house.
  
  Windows: Energy efficient windows.
  
  Heating/Cooling: Central electric cooling/heat pump with central heat assist.
  
  Raised ceilings: Most floor plans feature raised ceilings with ceiling treatments in the living areas the the master bedroom suite.
  
  Warranty: 2-10 structural warranty
  
  Schools: Clovis Christian School / Maria's Montessori / Zia Elementary / Mesa Elementary / Yucca Jr. High / Clovis High School
  
  

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• Equal Housing Opportunity

  All real estate listed on this web site is subject to the Federal Fair Housing Act and available on an equal opportunity basis. All information is deemed reliable but not guaranteed.