Why You Should Get PreApproved Early

Dated: 01/30/2013

Views: 1134

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. 
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Russell Banki REALTOR®

REALTOR Hite Properties Cell: 713-480-0889 Office: 936-270-8090 x 109 E-fax: 936-270-8774 Best Priced Properties Team Montgomery County & Harris TX Real Estate Experts Clients First! We believ....

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