Can you prove you qualify for a loan – Irvine Real Estate – Homes for Sale in Irvine

by Robert Mack on September 8, 2011

in Buyers, Latest News

From time to time I come across a buyer locking to buy a home in Irvine Orange County who may be hesitant to get pre-approved because they “know” they can afford the monthly payment.  The challenge is not that knowing if they can afford the monthly payment, rather, proving to their lender that based on their income, credit, and assets, that they will actually qualify for a loan based on the strict requirements that the bank has set.  Getting approved for a loan in today’s market is nothing like it used to be 5-8 years ago! Now you have to be able to prove that you can not only afford your new home, but you have to be able to show that you have the ability to pay it off.  Go figure!  Even though you may think you can qualify for the loan, nothing substitutes going through the motions and actually getting pre-approved.  Check out this short video and learn how to avoid failure or frustrations prior to escrow rather than in escrow where you run the risk of losing your valuable time and money.

If you need a referral to a great lender or have questions regarding the pre-approval process, email Robert!  The process is FREE, and there is no obligation so you have nothing to lose, and everything to gain.

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Posted on Irvine Orange County Real Estate Market News

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Post by Robert Mack

Robert has written 727 articles.

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