Why Should You Get Pre-approved
If you are starting your home search, there are benefits to getting pre-approved for a mortgage that you might not realize. It may seem obvious that getting pre-approved will help you understand how much home you can afford, letting you know what price range to stick to, but there is more to it than that. Below we highlight some benefits you may not think about.
Identify Credit Issues
Getting pre-approved will help identify any potential issues with your credit that you might not be aware of, giving you time to get those taken care of before making an offer.
Simplify The Process
Buying a home can be a daunting experience, especially if it’s your first time! Getting pre-approved before you start your search can help make this process go more smoothly.
Understand Associated Costs
Buying a home is more than just a down payment and a mortgage payment. The pre-approval process will detail out the other costs involved, so you get the full picture of what you will be paying.
Last but not least…Leverage
One of the biggest advantages, especially in today’s market, is being pre-approved. With inventory at historic lows, homes are going fast and with multiple offers. Sellers will be more likely to choose a buyer who is pre-approved to avoid any issues with the sale.
If you are looking to purchase a home, contact Nada today, and we can get you started on the journey to pre-approval!
