Did you know, pre-approval by a lender should always be your first step when buying a home?
Today we are talking about, why Pre-Approval Should always be your first step when buying a home.
In Las Vegas, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale.
This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-approved for a mortgage before starting your search.
Knowing your budget will give you the confidence of knowing if your dream home is within your reach.
It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in a competitive market.
One of the many advantages of working with me is that I have great relationships with lenders who will be able to help you with this process.
Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”
Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.
BOTTOM LINE IS THIS:
Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today.
If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so as well.
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