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The Power of Mortgage Pre-Approval [INFOGRAPHIC]

The Power of Mortgage Pre-Approval [INFOGRAPHIC] | Keeping Current Matters

Some Highlights 

  • Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow.
  • Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and a competitive edge in a bidding war.
  • In today’s market, connecting with a lender to get pre-approved may be the game-changer that helps you secure your dream home.

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1 reply
  1. Troy Erickson Realtor
    Troy Erickson Realtor says:

    Competition for buying homes is so high in this market due to the lack of inventory. As a home buyer, you need to have all your ducks in a row in order to make a solid offer to the seller once you have found your dream home. Getting a mortgage pre-approval can certainly make your offer more desirable to the seller, and give you a competitive edge over other buyers in case of a bidding war.

    A loan pre-approval can also provide you clarity in regards to how much home you can afford, and also provide you more assurance that you will be able to secure a loan in order to buy your new home.

    Reply

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