Get Financing First

The best advice we give our clients is to get financing first. Once this is established, you will find the rest of the process to be much easier. Here’s how:

Talk to a few reputable lenders.

Lenders who seem most responsive are usually the most eager to help you. There are all kinds of loan products available with different rates and features. A competent loan officer will educate you, and help you navigate through the options that are the best for your specific situation. We will assist you in making recommendations of lenders.

Get pre-approved for a mortgage.

Unlike prequalification (a quick estimate of your borrowing potential), pre-approval is a formal approval of a specific mortgage amount—typically the maximum you can borrow. You’ll receive a Good Faith Estimate of your closing expenses. By initiating the mortgage process early, you’ll be in a better position for your home search and purchase.

Search with confidence.

Once you’re pre-approved, you’ll know exactly how much house you can afford. And you’ll have an edge over other buyers in multiple-offer or negotiating situations.

Let Kemp & Co. get you started.

We will give you a starting off point so when you speak with lenders, you have questions in mind. Pre-approval improves your buying power. That way, when you go shopping, you’ll feel like you have a suitcase full of cash!

Beware of Internet lending.

No matter where you are, it’s always a good idea to have a local lender. Personal contact makes them more accountable to you.