Wednesday, May 29, 2013

How much can I be approved for? Minnesota mortgage pre-approval

2013 is proving to be a very good year for the Twin Cities. In the last twelve months, businesses in the Minneapolis St. Paul area have added over 40,000 jobs to their payrolls. If you find yourself relocating to the Twin Cities, a new house may be in your near future.

To obtain a Minnesota home loan there are some steps that need to be taken. Whether you are trying to figure out if you can afford a home you have already found or want to find out how much of a home you can afford, being pre-approved for a Minnesota mortgage is the first and most important step to take prior to beginning the home search.

Being pre-approved means that a lender has confirmed that you can afford the home you want to purchase in addition to your other financial responsibilities. The lender will also look at your employment and credit history to see that you have had steady employment and make timely monthly payments.

Once you have your Minnesota mortgage pre-approval letter from your lender, you will be better prepared to start looking for your new home in the Twin Cities. Whether you are looking for a condo in the heart of the city or a home in the surrounding suburbs, United Home Loans can help you start the process of buying a home. As a pre-approved buyer, a seller will be much more inclined to do business with you because it shows them that you are a serious buyer and that you can actually afford to purchase their property.

Click the link below to start your Minnesota mortgage pre-approval.

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