Don't Go Shopping for a New Home
Before You Know Exactly How Much You Can Spend! 
You might have an idea of the loan payment and mortgage you can afford.
But will the bank feel otherwise?
It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you.
In the pre-qualification process, you'll find out: Exactly how much home or land you can afford. How much cash you will need for the down payment. The minimum down payment, and advantages of higher down payments. What the bank feels you can afford for a monthly payment. We help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. Remember: We will respect your privacy! We know this is your personal information, and we will not distribute it to anyone, other than to our preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of our job as top Anchorage, Eagle River, Wasilla, Palmer and Girdwood REALTORS® to offer services such as these. Once you fill out the form, we'll quickly process your information and get right back to you! We can help you pre-qualify for your mortgage. It's our job! This is free and without obligation... Most Real Estate Licensees and Lenders recommend that home buyers get pre-qualified before selecting a home to purchase. This way you will be prepared to preview and negotiate your home purchase with confidence. Reasons To Get Pre-Qualified • With pre-qualification you can determine which loan program best fits your needs. (List of loan programs to follow)
• You will know exactly how much you are qualified for. It's no fun to find your "ideal home" and then find out you can not afford it.
• It allows you to see what the down payment and closing will be.
• If you are a first time homebuyer, you may be able to qualify for a special first time homebuyer program, saving money or allowing a larger purchase price.
• Meeting with your lender to preview your financial options prior to shopping for your new home affords you the opportunity to consider what you really want and need before the emotions of purchasing your home engage
First Time Buyers >A Matter of Timing
Buying real estate can sometimes involve tricky timing. For example, you may have found the perfect house and are thinking about making an offer, but are feeling pressured to make a decision just when you want time to consider the matter. The agent tells you that another party is thinking about making an offer, so you shouldn't hesitate if you really want the house. What should you do? Trust your agent!
It is natural to feel some pressure from even the most easy-going real estate agent--and some uncertainty about making an offer. If you really like a house, there is always the possibility that someone else will share your enthusiasm for it. Whether your local market is active or sluggish, it is sensible to assume that another offer is likely to come in. Perhaps you can afford to "sleep on it", but moving as quickly as possible will minimize the possibility that the house will go to another buyer.
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| Q |
What is the role of the U.S. Housing Authority?
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| A |
Created in 1937 by FDR, the U.S. Housing Authority provides construction loans to small communities and states. |
 See More Real Estate Trivia > |
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