In today’s housing market, homes go fast which mean that if you want to buy a house, you have to go fast, too.
And the best way to make going fast possible is be prepared with a mortgage pre-approval from your lender.
A mortgage pre-approval is a mock underwrite, a simulated approval, based on your income, your credit score, and your down payment, if you’re making one.
Today’s mortgage rates come into play, too.
A pre-approval states that if you bought a home at price point whatever, you would be approved for the loan to get it. And you can count on that piece of paper because your loan’s already been underwritten, save for the actual house.
Pre-approvals give you peace of mind to know that you actually do have business shopping for homes and it signals to sellers the same thing, which is why a home seller won’t accept an offer to buy their home without one.
A pre-approval shows people that you’re serious about buying a home, and that your offer should be taken seriously. So, get with your mortgage lender before you see a home for sale.
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An insurance claim is an official request you make to an insurance company, asking to get paid for damages. Insurance claims can be made for any reason that’s a part of your insurance policy. When you have homeowners insurance, you can make an insurance claim after a fire in your home; after there’s been theft […]