Skip To Content

Why Pre-Approval Is a Game Changer for Homebuyers

“A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. The lender you work with will provide you with a pre-approval letter, which is an official document that states the maximum amount they are willing to lend you, . . .”

“. . . most sellers won’t even consider an offer unless the buyer is pre-approved at the right price point. Sellers and their agents want to know you’re ready and able to finance your offer amount. So you’ll want to have your preapproval teed up as soon as you’re serious about bidding on a home you like.”

Local expert and Lead Loan Officer, Jeremy Kilbourne of Arch Mortgage North had this insight to add:

” Getting pre-approved can also save you valuable time by identifying how much you can afford, so you can target your home search to your price level.

Jeremy Kilbourne, Arch Mortgage North

Bottom Line

B&C Leadership/Family

Trackback from your site.

Leave a Reply