Let’s discuss the importance of getting a pre-approval put into place before shopping for your new home.
I asked Mike Ellergodt “The Mortgage Whiz” why this is one of the most important beginning steps in your home search.
Let me share the main takeaway….
If you are borrowing money or need lending to purchase a home, you need to have a pre-approval put into place before you go shopping. This step shows you are serious in the buying and able to look for properties in your price range. It also demonstrates to Relators that you are ready to buy, so they will put the time and effort into setting up searches and going to show you homes.
Brokers can get multiple rate holds with different lenders because they have accessibility across different markets and to every single lender, including the big banks. This creates security knowing that if one lender falls through there is a back-up in place, ensuring financing goes through.
Working with a broker will give clients a higher level of commitment, communication, and builds trust. By providing such high quality of service, clients will be educated on various levels, from first time home buyers to discussing multiple investment structures, setting them up for financial success.
Do you have questions about pre-approvals? Contact me today and let me help guide you through the process!
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