1 Certainty: Going through the mortgage loan pre-approval process, removes much of the guesswork and doubts as to whether or not you are financially capable of purchasing a home.
2 Affordability: By obtaining your mortgage pre-approval, you are better able to determine the price range of homes you can afford. There is nothing worse than falling in love with a home, only to discover that its out of your price range. Conversely, without mortgage loan pre-approval, you could possibly short change yourself, and end up missing out on a home that you could qualify for.
3 Stronger Buyer: Having your loan pre-approval helps to portray you as a solid buyer, fully capable of satisfying all aspects of the purchase & sales contract. Sellers are more likely to accept offers from Buyers who are pre-approved for their loan. This is especially beneficial when you're involved in a multiple offer situation.
4 Greater Negotiation Ability: Get the best terms on your contract. Buyers who have a loan pre-approval can typically negotiate better terms and pricing than Buyers who are not pre-approved.
5 Fastrack to Closing: Once you are under contract, your mortgage loan pre-approval can actually help to speed up the closing process, since much of your financial information is already in the lender's system.
Apply now online or give us a call and stop the guessing game.