These are three reasons why getting pre-approved is very important.
Today’s market is extremely competitive. That’s why it’s very important to be pre-approved. Here are three reasons why you should get pre-approved before you go out shopping for a home:
1. You’ll understand your financial position. When a lender helps you get pre-approved, you’ll learn about closing costs, monthly payments, and what’s affordable for you. This will give you more perspective on your employment, your salary, your credit, and your family and retirement goals.
2. You’ll preserve your energy. Searching for a home can take a lot of energy and time. Don’t go out and see houses before you’re pre-approved because if you see a great home and rush to the lender only to discover that you can’t afford it, your energy will be sapped.
3. Sellers will take your offer seriously. Being pre-approved increases your chances of getting your offer accepted. When you’re in a multiple-offer scenario, it gives you an opportunity to win that bid.
I hope these tips put you in a position to win. If you have any other questions, contact me by phone or email. I look forward to speaking with you.
