For serious homebuyers, mortgage pre-approval is no longer an option - it is an absolute necessity! If you're not pre-approved, you're at a distinct competitive disadvantage.
First of all, let's be sure we're looking at homes in a price range which is comfortable for you. Lenders have tightened their standards and you need to know if your expectations are in line with these new guidelines! You don't want to sell yourself short, nor do you want to fall in love with a home you can't afford! A 10-minute phone conversation with an experienced mortgage professional can clear up any questions you may have about your qualifications and make you aware of the broad range of loan products available to you.
Secondly, when you find a home you want to buy, with pre-approval you essentially become a cash buyer in the eyes of the seller(s). Sellers, in any market, crave one thing in particular...certainty! With pre-approval your negotiating position is maximized!
In the pre-approval process, you will find out:
- Exactly how much home you can afford.
- How much cash you will need for the down payment.
- The minimum down payment, and advantages of higher down payments.
- What the bank feels you can afford for a monthly payment.
With a mortgage pre-approval in hand it's time for the fun part...finding that perfect home! Let's get started...your timing is perfect!
- NUMBER1EXPERT™ 
