| There are many
reasons to obtain a pre-approval before you start looking
for a new home. The process costs you nothing and in most
cases takes 24 - 48 hours.
The pre-approval process will provide you
with the following advantages:
- You will be in the strongest negotiating
position possible. Your pre-approval will provide sellers
the evidence they need to have complete confidence in your
ability to qualify for the home financing.
- You will discover how much of a mortgage
you qualify for.
- You will learn about the multiple mortgage
programs available and applicable to your situation.
- Many credit reports contain errors.
During the pre-approval process we will review your credit
report in detail and if there are errors, we can assist
you in correcting them.
- In today’s real estate market,
sellers are refusing to accept purchase agreements from
buyers who do not have the evidence that they can perform
on the agreement. No seller wants to take his/her home off
the market and risk the sale falling apart later due to
unqualified buyers.
Even if you feel that you are not financially ready to buy
at this time, the pre-approval process can be a good idea.
We can help determine what steps you should take to be in
the best position to buy later on.
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