If you're thinking of purchasing your own home, Tyler Farnham of JTS & Co.
Mortgage Professionals gives tips on the easiest ways to prequalify for a loan.
For more information, visit www.jts-co.com.
The lsu tigers good morning, i'm tyler farnham cg: prequalify 1.
Are you in the market to purchase a home?
2.
With analysts already calling for a highly competitive spring homebuying market, the latest stats on showings suggest demand is intensifying.
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We continue to see substantial increases in buyer traffic, showing that the housing market will be quite competitive this spring.
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Getting your prequalification is extremely important and is the first step you should take before looking at new homes.
ááááááááááááááááááááááááááááá ááááááááááá cg: where do i start?
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We get calls on a weekly basis from customers that are interested in buying a home but don't know where to start.
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If you have questions about anything and want to speak to a loan officer before you get started with the process, give us a call.
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The consultation is absolutely free.
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So, the first step to getting prequalified for a home loan is to submit an application.
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You can do this through our text app , our website , or you can come in the office to fill out an application.
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From there, we pull your credit and review your information to see what options and loan amount you are qualify for.
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We consider your credit score, debt-to-income ratios, and income when determining your prequalification.
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So why is the prequalifying step so important?
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Having a pre- qualification letter from a trusted mortgage company like jts & co.
Will show the sellers, and your realtor, that you are serious and qualified to place an offer on their home so they tend to take your offer more seriously.
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Plus, it's very important to know how much house you can afford.
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Don't waste time, effort, and false hope looking at homes you can't afford.
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During the pre- qualification period it is critical that the information you give us is accurate.
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As i mentioned earlier, income and credit history play a huge role in your pre-qual validation.
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Some lenders give out pre- qualifications without reviewing this information up front.
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You make an offer on a house that is accepted, only to find out during the processing stage, you can't get the funds to buy the home.
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At that point, you could lose your earnest money and the seller has passed up other potential buyers who could have bought their home.
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It's not a good situation for either side.
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Don't put yourself in that position.
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Know what you can afford.
24.
Trust jts & co.
To help you through the process of buying a home.
ááááááááááááááááááááááááááááá ááááááááááááááá cg: local is best!
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Working with a local lender like jts & co.
Is always best because there's more to getting a mortgage than just pushing a button.
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If you're in the market to purchase, refinance, renovate or build a home, it's important to remember that jts & co.
Is here to help you.
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We are local.
Trusted.
And experienced and we make homeownership easy.
Thank you for joining me today, be sure to tune in next week!
Intro
During this unsettling time, JTS & Co wants the community to know their prayers and thoughts are with the families affected...
