Why get pre-approved?

Of course, if you're doing an all-cash deal, this subject is completely irrelevant. But for most, procuring a loan is a necessary part of the homebuying process.

Here are the top three reasons to get pre-approved before starting your property search:

1. Most sellers will not consider an offer without a pre-approval letter.
2. Most agents won't work hard for buyers who have not gotten serious about their financing.
3. Most buyers open themselves up to dissapointment by not knowing how much money they have to work with sans pre-approval.

A loan pre-approval should make the homebuying process much more efficient and effective. Often times mortgage pre-approval programs will handle the coordination of meeting all the conditions up front outside of identifying the property and having it appraised. This means you can focus exclusively on your property search knowing the price range you have to work within and having the confidence that your deal will close on time. It's as simple as that, really.

Your success is my business,

Brad