Pre-Approval provides real benefit. Here are several reasons to consider getting pre-approved early in your home buying process:
Confidence: The pre-approval will give you a good idea of how much a mortgage you can afford. This allows you to search for properties with confidence, having eliminated financing issues.
Rate Guarantee: The pre-approval will hold a rate for up to 120 days thus protecting you from any sudden rate increases.
Credibility: Providing a pre-approval letter increases the credibility of your offer in the eyes of homeowners who often have several offers to consider.
Agility: Knowing your financing capacity allows you to act and respond quickly.
Focus: Getting pre-approved early in your home buying process allows you to focus on the most important goal: finding the perfect home!
