Buyer’s mortgage pre-approval is good for everyone in the transaction. It saves time, money and removes the uncertainty of knowing whether the buyer will be qualified after negotiating a contract. The direct benefits include:
Looking at “Right” homes - price, size, amenities, location
Find the best loan - rate, term, type
Uncover credit issues early - time to cure possible problems
Negotiating power - price, terms, & timing
Close quicker - verifications have been made
There is a significant difference in having a trusted mortgage professional take a loan application and run all the necessary verifications compared to going through calculators on a lender’s website. Beside the peace of mind, the cost of being pre-approved is a bargain and generally, limited to the cost of the credit report.
Even if a person has been pre-approved, a second opinion from a different lender may be a good option. It can verify there is a good deal or you’ll discover that you can improve it. Either way, it works to your advantage. Contact me if you’d like a recommendation of a trusted mortgage officer.
Author:Ana Festa Phone: 860-578-2623 Dated: October 2nd 2017 Views: 21 About Ana: “My mission is to develop long-term client relationships by providing the most professional, infor...
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"'d never bought a place by myself prior to this, and was a little daunted by the process. Kris walked me through it and eased my anxiety the whole time, and she's very approachable. She is friendly, professional and knows all aspects of the business. I highly recommend her!"