Why A Pre-Approval Is A Game Changer For Buyers
So, you want to buy a house? That’s great! Before we start the process of finding your new home for you, there is one crucial aspect that needs your attention.
If you’re planning to buy a home this year, you may have already heard that getting a pre-approval is the first step to take before beginning your home search.
Why is that?
A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money (in this case, up front) for the purchase of a future home.
Simply put, pre-approval from a lender helps you understand your true price range and how much money you can borrow for your loan.
Knowing exactly what you’re approved for will help when it comes time to submit an offer on the home of your dreams.
Another added benefit is that a pre-approval lets the seller know you are qualified to buy their house. Sellers and their agents want to know that you are ready and able to finance your offer amount.
The housing market is always changing, so it's important to have a team of professionals on your side. You'll need guidance if you want a seamless home-buying experience- REALTORS® and lenders are here for that!
They’ll help you make the right decision and get you ready to put your best foot forward in the purchase of your new home.
I hope that this video provided you with some value as a prospective home buyer.
As always, if we can help you move in, move out, move up, or move on, let us know. Anchor Real Estate is here to help! For more information on first-time buyer tips, read our guide on Coastal North Carolina first-time home-buying tips. Also, utilize our North Carolina mortgage calculator tool to find homes in your pre-approval budget.