Spent an enjoyable afternoon viewing homes with a great young couple who are on their journey toward purchasing their 1st home. I’m grateful to be part of their experience and flattered to be their agent. 
Get Pre-Approved
What is a Mortgage Pre-approval? Generally, a pre-approval is a written statement from a lender stating the lender’s preliminary determination that you would qualify for a particular loan amount under that lender’s guidelines. The determination and loan amount are based on your income and credit information. Most pre-approval letters are good for 60 to 90 days.
Does Pre-approval Guarantee Me A Loan? No. It’s important to understand that pre-approval letter is n
ot an offer to lend, a commitment to make a loan, or a guarantee of specific rates or terms. Also, regardless of pre-approval, a lender may require additional income and asset verification, as well as the satisfaction of other conditions, before extending you a loan. Pre-approval letters are subject to modification or cancellation if your financial situation or other conditions change.
Why Should You Get Pre-approved? The short answer is Yes! The most important reason is that you will get an accurate idea of how much home you can afford. This can help to target your home search and ensure you only look at houses that are truly in your price range. Also, a pre-approval letter can make you stand out in a competitive real estate market. If you make an offer on a house without a pre-approval, your offer may not be taken as seriously as an offer from another person with a pre-approval.
If you would like to apply for your Pre-approval for your home search, Howard Hanna Mortgage Services is a great place to start! Just call or text me at 412-613-4466 or email me at sold@ericmckenna.com. I can put you in touch with our office’s Howard Hanna mortgage consultant and get the process underway.
Home Inspection, Right?
Here is a quick read as well as a short video by my friend and Twin Cities Real Estate Agent, Tom Sommers, on why it is essential for home buyers to have professional home inspection completed before the purchase of a home.
Tom briefly touches on the fact that with an inspection, the home buyer not only learns about any potential problem areas with the home but the home buyer also gains a manual on how the home is run. This information can be very helpful to first time home buyers who have never changed a furnace filter or would not know the location of the gas shut off valve.
Click here to read Tom’s article
If you are looking to purchase a home in Southwestern PA, I’d enjoy working with you and being of assistance through each step of the buying process as your agent. Feel free to call or text me at 412-613-4466. You can also reach me by email at sold@ericmckenna.com
After Show #14
Quick video message after our 14th Show! Live from WMBA & WBVP Studios!
Eric McKenna 