Why Should I Bother Getting Pre-Approved Before I Start Shopping?

Why Should I Bother Getting Pre-Approved Before I Start Shopping?

Do you want to ensure that you get the home you want?

Then it's extremely important that you
arrange for financing before you go
shopping: get “pre-approved”.

To define getting pre-approved:
Your lender has calculated how much of a
mortgage they’re willing to offer you,
depending on your down payment and
current financial situation.

Here are the two advantages to having a
pre-approved mortgage.

1. You know exactly what you can afford when shopping for a new home.
   
2. When you make an offer, you’re likely to be taken more seriously.

Here's the power behind it all:

Knowing the numbers and having the seller know that you are pre-approved means you can also negotiate more powerfully, obtaining the best possible price.

For more information on this feel free to contact me and I'll be happy to help!