The homebuying process requires strategy and planning. Here are a few things to keep in mind to ensure your plan is as strong as possible when you begin your home search.
>>Pre-Approval: the Best Opening Play To Make as a Homebuyer
It’s important to have a great opening play when you’re buying a home. And the best move you can make when you begin your home search is getting pre-approved by a lender. As Freddie Mac puts it, “The pre-approval letter from your lender tells you the maximum amount you are qualified to borrow.”
And while determining how much you can afford at the start of your search is critical, the pre-approval letter also serves another important purpose. Freddie Mac also notes, “This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.”
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