Kansas City Home Loans Getting Pre-Approved Is The Important First Step
Many home buyers start the home search by viewing homes online, driving neighborhoods and calling real estate agents to ask questions. But the first step in any home search should always be getting Pre-Approved for a home loan. It's a waste of a buyer's time, a buyer's agent's time, a seller's time and a listing agent's time to be showing homes without knowing if the buyer can even get a loan on a home in the price range. It costs nothing to get Pre-Approved for a home loan, so take the time to contact your bank, a mortgage lender or ask us to recommend a great loan officer who can assist you. A loan officer will pull a potential home buyer's credit report, review the report and credit scores and ask questions regarding employment history and income level. This allows a loan officer to run the potential borrower through their underwriting system and determine the highest mortgage payment the lender will allow the borrower to take on. Once the allowable mortgage payment amount is determined, we'll also know the maximum price range homes to be viewing. Some buyers may make a decision to look at homes below the max they can afford and that makes a lot of sense for some buyers. There are plenty of great mortgage lenders and loan officers in Kansas City, but there's also some who do very little to help the home buyer succeed. Some others are only willing to provide loans with reasonable interest rates and fees to the cream of the crop borrowers. So it's important to choose a Kansas City lender that provides good customer service, has a history of closing the deals they start, is local here in the Kansas City metro area and who has solid interest rates and reasonable loan costs. The customer service I've seen local loan officers give home buyers is exponentially better than what we often see provided by loan officers who are located in another state.
A few exceptional local loans officers we've had the pleasure of working with include Jill Underwood with Pulaski Bank, Alan Scarpa with National Bank of Kansas City, Rick Woodruff with Metropolitan Mortgage, Maryhelen Loya with Wells Fargo and Brad Nelson with First Community Bank. It's also a good idea to do a quick check to see what national mortgage rates are doing and use that as a benchmark against the loan quotes you receive. You can do so at BankRate.com, Google Comparison and eRate.com. 
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