The Key to Getting Your Ducks in a Row as a Homebuyer
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It’s very important to get pre-approved as you start the home search process. It’s especially important if you’re shopping in a hot price point, like the $150,000 to $200,000 range. A pre-approval makes your offer so much stronger.
When we’re representing a seller and we receive an offer, we always check for a pre-approval. It lets us know that the buyer is serious and eases the seller’s mind going forward. In order to receive a pre-approval from a lender, you’ll need to provide them with some information. This includes things like your paystubs, credit score, and other things of that nature, so keep that in mind.
"A good lender will help you fully understand your costs."
Another huge benefit of a pre-approval is that it allows you to get an idea of what kind of home you can afford and what your actual monthly payment will be. A lot of buyers don’t consider a lot of costs when they are shopping for loans. You'll need to be prepared for things like HOA fees or insurance costs.
A good lender will always help you understand your costs and make sure you’re fully informed throughout the process. If you have any questions for us or you’d like a recommendation for a good lender in the area, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.
Brandon began his real estate career in 2001. Over the years, Brandon has gained a lot of experience and knowledge of the real estate market and doing so he so is able represent his clients in the bes....
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