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You may ask yourself… why do I need to be prequalified before I look at homes? The answer is simple, it shows you are a serious buyer. This is important to realtors and seller’s alike. With the recent foreclosure crisis, bank owned properties are a great way to purchase a home with instant equity. Banks (bank owned properties) are especially concerned with whether or not a potential buyer is prequalified. Often times the bank will not accept an offer without a letter of prequalification from a mortgage lender. When you have a great deal there can be competition for the home. You can be sure that when you have your letter of prequalification and your competition doesn’t you will likely win the bid on the home.

Here at Christopher Paul Financial, LLC we pride ourselves on customer service, expert staff and understanding our customer’s needs. For more information, browse our website. Start Here for information on prequalification!