5 Reasons Why You Should Get a mortgage Pre-Approval

A mortgage pre-approval will go a long way towards helping you understand the information that is truly important to you for buying a home

More Bargaining Power

A pre-approval offers you more flexibility on terms and pricing versus buyers who have not been pre-approved. It will also help demonstrate to sellers that you're serious and committed to buying a home and not just looking. Coming to the table with a pre-approval can give you more negotiating power.

Save Yourself Time

Knowing how much home you can afford helps you focus on the houses that fit in your budget, saving you time during your house hunt.

Reduce Surprises

Talking to a lender before finding your perfect home can help ensure you’re not surprised when it’s time to make an offer. Getting your ducks in a row early will leave little room for unexpected surprises.

Faster Closing

Closing is not a quick process but being pre-approved can save some time. Since your mortgage loan officer will request financial documentation and determine your loan program, much of the work is done during the pre-approval stage instead of after you make an offer. Having the pre-approval completed, the process for inspection and appraisal will go smoother getting you into your new home faster.

Knowing Your Purchase Limits

Mortgage pre-approval shows you what you can afford to spend and what your monthly payment will look like.
By getting pre-approved, you'll have an idea of how much money you have to work with.

If you're ready to buy a home on the Southern Oregon Coast, I'm ready to help. Let's connect today!