{"id":264,"date":"2012-01-26T19:21:38","date_gmt":"2012-01-26T19:21:38","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=264"},"modified":"2012-12-10T17:46:32","modified_gmt":"2012-12-10T17:46:32","slug":"pre-approval-process-to-buy-a-home-in-michigan","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/pre-approval-process-to-buy-a-home-in-michigan\/","title":{"rendered":"Pre-Approval Process to Buy a Home in Michigan"},"content":{"rendered":"

\"Pre-Approval<\/a>Previously we went over the process of picking the proper real-estate agent<\/a> for your home hunting needs so the next step is to determine the best mortgage program. \u00a0Most people do not have thousands of dollars in savings to buy a home with cash so a mortgage will be necessary.\u00a0 A statistic from the National Association of Realtors (NAR) is that 9-of-10 homebuyers purchase homes through a loan program so it is important to know what loans are available.<\/p>\n

First we should probably explain what the term \u201cpre-approval\u201d means.\u00a0 The process begins with you meeting a loan officer, which can help you determine what type of home you can afford.\u00a0 It then continues onto a review of your credit files to ensure they are in good standing.\u00a0 The loan officer will then determine which specific mortgage program is best for you.\u00a0 From there you\u2019ll receive a pre-approval certificate stating your maximum borrowing potential.\u00a0 Riverbank Finance<\/em> loan officer will assist you in shopping interest rates and closing costs with several banks at the same time.<\/p>\n

Most people can get a loan, as long as they\u2019re willing to pay high interest.\u00a0 The key to connect yourself with a good mortgage company that can find a loan for your current situation that has the best terms and lowest cost.\u00a0 This is where Riverbank Finance<\/em> comes into play as we specialize in helping you determine the best possible loan options available.<\/p>\n

If you are a first-time homebuyer or even a repeat homebuyer they you will need help with a pre-approval.\u00a0 We can go through the process with you and answer any potential questions you may have about the pre-approval process.\u00a0 Just fill out the email contact form below to get started.\u00a0 You can also call us at 1-800-555-2098<\/strong> and a loan officer will be in direct contact with you from the start of your loan to the closing.<\/p>\n

Looking for Pre-Approval?<\/h2>\n

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