Please get Pre-Approved for a Mortgage Loan before you start to look for a home.
Why? Great Question. Here is why:
- You need to know exactly how much a money a mortgage lender will loan you.
- You don’t want to shop in a price range you aren’t approved for and be disappointed you can’t get the home you want.
- In today market your offer will not even be look at by the seller which is a waste of your time.
- Pre-Qualified is not sufficient, you need a Pre-Approval letter stating your ability to purchase the home you want.
Some Highlights
- Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow.
- Being pre-approved for a loan can give you clarity while planning your home buying budget, confidence in your ability to secure a loan, and a competitive edge in a bidding war.
- In today’s market, connecting with a lender to get pre-approved may be the game-changer that helps you secure your dream home.