When purchasing a new home. The first thing that should be considered is how much can I qualify for?  This process is referred to as becoming pre-qualified.

The process is fairly simple. I would ask that you supply information regarding your income, assets, debts and employment. Have you had any past issues with your credit or ability to pay your bills? By analyzing the information supplied we can evaluate the amount that lenders will loan to you.

Now that we know how much you are pre-qualified for, we need to focus on a pre-approval. Pre-approval is a letter letting potential sellers know you are able to purchase their home. It is not a guarantee by a lender, but rather, is a likely hood that you will receive the amount necessary to buy your home. Until a loan has been submitted, underwritten, and given final approval by the lender, it is not a guaranteed loan.

Questions ? Please contact me.

Tom Themelis   206-755-7365


Washington State License  91929