Why is it important to get pre-approved?

Why Is It Important To Get Pre-Approved?

This is the most important step when starting your search for your new home for many reasons. The nice thing is it is a very simple and painless process that only takes filling out a one page form or spending a couple minutes on the phone with your local mortgage professional. The team has several lenders that are readily available to assist you. Here are some of the key points of why it is so important to make this top priority when beginning the home buying process.

  1. This will give you a good idea on the sales price of the house to look for to keep you in your comfort level on monthly payments.
  2. Also your mortgage professional can guide you on what to do if there are certain things you need to work on to become a homeowner or things to work on to be able to obtain a better interest rate when that time comes.
  3. You will need a pre-approval letter from your mortgage company before you can submit an offer on a house and often the listing REALTOR® will require a pre-approval letter before showing you homes to ensure that you can qualify for the price range in question.
  4. Last but not least taking the time to get pre-qualified will make the home buying process go very smoothly.

We would love to make some recommendations on mortgage professionals we know and trust. Contact us today!

The Blaser Yoakum Team
Brenda Blaser and Pam Yoakum
Office: 817-328-1128