by David Brenton’s Team
In many price ranges in our market, buyers searching for their dream homes outnumber available homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are a serious buyer home is to get pre-approved for a mortgage before starting your search.
Being pre-approved for a mortgage is the first step in securing your home’s financing. It will enable you to determine any stumbling blocks that may stand in your way to purchase and will provide you with a realistic financial picture.
Many potential home-buyers overestimate the down payment and credit scores necessary to qualify for a mortgage. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so today. With so many mortgage options available today, getting a pre-approval in place will provide you with realistic down payment options for your circumstances.
“Having a verifiable pre-approval from a reliable lender lets the sellers know that you are a serious buyer and ready to move forward.”
This helps you stand out in a competitive real estate market and can make a difference in your offer getting accepted.
One of the many advantages of working with a Team of local real estate professionals is our long-term relationships with lenders who will be able to help you through this entire process. Our decades of experience provides us with the insight needed to navigate complicated real estate transactions and secure the best possible purchase terms for our clients.
Ready to buy? We have strong relationships with several reliable local mortgage lenders who will work diligently for you.
See other articles like this on our Team Blog and in our Team Newspaper.