Here are some important things to know about the pre-approval process.

You may have heard that getting pre-approved for a mortgage is a good idea at the beginning of the home-buying process. Why is it important and how should you go about doing it? I’m going to answer those questions and more today.

The pre-approval process is one of the most important things you can do at the beginning of the home-buying process to ensure you’re well-qualified and have the information you need to make good decisions.

“A pre-approval tells a seller you’re qualified to purchase their home.”

Getting pre-approved is a painless process. You just need to get in touch with a local lender to find out how much you qualify to borrow for your home loan. This is very important information, especially in this ultra-competitive market. When we know exactly what you qualify for, we can narrow down your search to make sure you see the right properties at the right time. You can also be intentional and more competitive with your offer.

The National Association of Realtors recently said that the average home gets 3.8 offers on it when it’s listed for sale. That means there are three or four other buyers who are likely looking to purchase the same home you're. Having a pre-approval letter gives you a leg up on other buyers that don't have one. A pre-approval tells a seller you’re well-qualified to purchase it. 

We want to take every step we can to make sure you’re as well qualified as possible. The pre-approval letter is the first step in this process.

If you have any questions about pre-approvals or need to get in touch with a great local lender, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.