First Time Home Buyers.

Fast results. Best experience.

First Time Home Buyers


JAN 14, 2018

Purchasing a home is one of life’s major landmarks and for some, it is even a dream come true.

At AMEC Home Loans we understand the magnitude of this decision and it is our goal to make your transition into home ownership unforgettable.

When you begin to seriously consider purchasing a new home it is important that you follow some simple steps to make sure that the process runs smoothly.

The first thing you should do is an analysis of your debt to income ratio. This important step will let you know what type of home you can afford based on your monthly income and expenses.

The next important step in purchasing a new home is to get pre-approved for a home loan. The peace of mind that comes with knowing that your mortgage loan and credit report have been pre-approved will allow you to shop for your new home with confidence. And when you find a home and are ready to make an offer the fact that you have already been pre-approved for your loan amount will give the seller confidence in you as a buyer.

The power of a Pre-Approval…

There is a world of difference between a “Pre-Qualification” and a “Pre-Approval”.

Pre-Qualifications are based on verbal information you provided to your lender. After evaluating the information, your lender can provide you with a good estimate of what you qualify for.

Pre-Approval is based on actual verification of the verbal information you provided. An official loan application is completed, credit is reviewed, and income and assets are verified.

Getting Pre-Approved early in the process allows you to move quickly once you have found your dream home. Obtaining a Pre-Approval first put you in the best negotiating position for an accepted offer.