In-house Realty

Why you should get pre-approved

When you get pre-approved with Quicken Loans before you shop for a home, you have an advantage in this buyer's market. A pre-approval gives you extra muscle at the bargaining table. You have a clear advantage over other home buyers because the seller knows that your offer is good.

When you’re pre-approved:

• You can close quicker than other buyers because you already have a head start on getting approved. For motivated sellers, this can give you just the bargaining power you need.
• You’ll know what price range you qualify for, which will narrow your search and help you find the right home.

Unlike the prequalification of other mortgage lenders, a Quicken Loans pre-approval is based on your real credit score, which puts real estate agents and home sellers at ease. At the same time, you're in control when making an offer. They'll know you're a serious buyer who's ready and able to make a deal.

Get the advantage of being pre-approved, while you shop for your new home. Quicken Loans makes it easy. Get pre-approved today!

What You Need to Qualify

Applying for a mortgage for the first time can be intimidating and sometimes overwhelming. But if you have all the right documents prepared ahead of time, it will make the process go much smoother and faster.

When you call to get pre-approved, it’s a good idea to have a few things on hand:

• Paystubs
• Recent W-2
• Tax returns
• Recent bank statements

Remember, it’s o.k. to ask questions if you don’t understand. We want to help you get the best loan possible and part of that means helping you understand your options.

Want our advice? Stop procrastinating. Rates are the lowest they have been in decades! These may be the lowest rates in your lifetime. Talk to us today and get started!

What about the $8,000 Tax Credit?

In an effort to stimulate the economy, the government is offering an $8,000 tax credit for first-time home buyers who purchase a house between Jan. 1 and Dec. 1 of 2009. That means this year is a fantastic time to buy a house!

(Last year there was a similar credit for $7,500, but it had to be paid back over a 15-year period. This year’s incentive is a TRUE credit, and never has to be repaid!)

Who can qualify for the $8,000 first-time home buyer's tax credit?

• You must be a "first-time home buyer" – defined as someone who has not owned or co-owned a home within the past three years.
• Adjusted gross income for single taxpayers can’t be over $75,000, or $150,000 for dual-income families filing jointly.
• You must purchase the home between January 1 and December 1, 2009.
• The new home must be used as your principal residence (not a second home or investment property).

If you’ve been considering becoming a homeowner, now is the perfect time to take the plunge! With rates at historic lows – plus the added incentive of the first-time home buyer credit – there may never be a better time to purchase your first home.

Call (800) 251-9080 and get started today!