Ready to Purchase?
Before you start the house hunting process, there is one critical step that you need to take… get a mortgage pre-approval.
What is a mortgage pre-approval?
A pre-approval confirms that a lender will loan you a certain amount of money at a certain rate so that you can afford to buy a home. There is no fee and no commitment.
Why get a mortgage pre-approval?
- It lets your real estate agent know that you are not only serious about buying, but you are ready to start viewing homes.
- It saves you time. Now you can focus in on only the homes in your price range.
- When it comes time to make an offer, the seller will know that you are able to purchase, making your offer much more appealing & competitive.
- Finally, your mortgage professional can keep an eye on your locked-in interest rate. If the rates fall, they can adjust your rate so you can take advantage. If the rates increase, you are secured at the lower rate.