Why You Should Get PreApproved Early

Dated: January 30 2013

Views: 1185

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 REALTOR® ALHS CNE

Russell Banki ALHS, CNE REALTOR Hite Properties Cell: 713-480-0889 Best Priced Properties Team Montgomery & Harris County TX Real Estate Experts Clients First!Treating the relationship with f....

Want to Advertise on this Site?

Latest Blog Posts

Hard To Find One In A Half Story Home In Crighton Woods In Conroe On Half Acre With Pool

JUST LISTED!! 13236 Misty Sage Drive Conroe, TX 77302HARD TO FIND 1.5 story home in well-manicured Crighton Woods community! This smart home is ideal for all ages! Situated on a private,,

Read More

Rental Listing Available In North Houston

RENTAL LISTING AVAILABLE in North Houston!! Fantastic Location!!Fantastic opportunity in the wonderful NEW community of Retreat at Champions Landing. This gorgeous Newer ENERGY EFFICIENT one

Read More

Wishing You A Happy New Year

Russell and Melissa BankiBest Priced Properties TeamHelping our clients achieve all of their real estate goals!www.bestpricedproperties.comThinking of selling your home and curious about your home's

Read More

Merry Christmas

Russell and Melissa BankiBest Priced Properties TeamHelping our clients achieve all of their real estate goals!www.bestpricedproperties

Read More