Why You Should Get PreApproved Early

Dated: 01/30/2013

Views: 1123

1. Getting pre-approved tells you the maximum the lender is likely to loan you, which helps you narrow down your home search to affordable properties. 2. You can get an idea of what your monthly payments would be. 3. Youll have more credibility with real estate agents and with sellers if your loan is pre-approved. Some agents wont take you seriously until you have the pre-approval. They dont want to waste their time, or yours. 4. Mortgage loan approval takes time. If you wait to apply until youre ready to make an offer, you could lose out on the home to someone who is pre-approved. 5. The lender often will lock in an interest rate, which protects you if rates rise while you are shopping for a home. 6. If your circumstances dont qualify you for a low interest rate, youll know that going in. You might decide to look in a lower price range to make up the difference. 7. Pre-approval gives you at least some peace of mind, which you will appreciate during the often-stressful process of
buying a home.
Contact us today so that we may put you in touch with our Preferred Lender to start the Pre-Approval Process. 
Blog author image

Russell Banki Texas REALTOR®

Texas REALTOR Hite Properties Cell: 713-480-0889 Office: 936-270-8090 x 109 E-fax: 936-270-8774 Best Priced Properties Team Montgomery County Real Estate Experts Client First! We believe our....

Want to Advertise on this Site?

Latest Blog Posts

Recently Listed Home For Sale In Spring TX NEW Interior Paint And Flooring

Gorgeous single story home coming soon in Spring TX in the subdivision of Park at Meadowhill! Zoned to Klein Collins HS. Close to I-45 and Grand Parkway. Better move quick if you want THE BEST

Read More

Now Is A Great Time To Sell

If You’re Considering Selling, ACT NOW!! Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are

Read More

Why Title Insurance Is Important For A Purchaser

What is title insurance? Why is it important to a purchaser?Title insurance is issued to protect a purchaser (new-owner - mortgagor's policy) and the lender (mortgagee's policy) from loss of title

Read More

Looking For Better Education Options For Your Children

January 23rd @ 7 pm Sojourn Academy Preview NightAre you seeking better education options for your children? Come visit Sojourn Academy on Tuesday, January 23rd at 7pm for their Preview Night and

Read More