Pre-Approval is Essential.
It is absolutely essential that you get pre-approved from a reputable lender BEFORE you start house hunting. Especially in a competitive housing market, shopping before mortgage pre-approval could result in losing out on your dream home!
Here's Why
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You'll be able to clearly define your price range
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You will have a better understanding of the terms of your home loan, including estimated monthly payments
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This enables you to move quickly when finding your dream home
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Shows sellers that you're a serious, committed buyer
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It can put you in an advantageous position at the negotiation table
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It can boost your chances of sealing your deal at the price you want
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A full pre-approval is often a requirement just to submit an offer in a competitive housing market
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There is no cost to getting pre-approved
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It improves our ability to close your home fast!
Melanie Taliaferro
