How A Pre-Approval Can Help You Buy a Home
An important first step in any home search is finding out exactly how much home you can afford and securing the necessary financing. While you can get a rough estimate through pre-qualification, taking the extra step to obtain pre-approval will give you some added advantges.
Pre-approval helps you:
- Understand your financial condition
- Know exactly how much home you can afford before beginning your home search
- Strengthen your purchasing power when making an offer
When you find a home you love and are ready to make an offer, your mortgage pre-approval lets seller know that you are serious and fully prepared to buy their home, putting you in a stronger position than other potential buyers.
