1. You will know what you’re getting into financially
Buying a home is a huge financial commitment and can put financial stress on the most frugal people. Having a pre-approved mortgage will let you know your monthly payments so that you can easily budget for everything else.
2. You will have more leverage to negotiate
Being pre-approved means you may have greater negotiating power with the seller. Most people want to sell their home as quickly as possible and if your finances are in order they may be willing to lower the asking price to move their home more quickly.
3. You will save time
As mentioned earlier, being pre-approved for a mortgage only takes up part of the time when buying a home. Most of your effort involves looking through dozens of listings before you find the ideal home. If you know exactly what you can afford, you won’t waste time looking at homes that are out of your price range.
4. You will be taken more seriously
When you have found that perfect home and are ready to buy it is very important that your mortgage has been pre-approved. The seller will realize that you are a serious buyer because you have your finances in order.
5. You will save yourself plenty of headaches
Securing a home buying mortgage can sometimes be the most frustrating part of the process. Unfortunately, many people will miss out on a great opportunity – or even worse – their dream home because they couldn’t secure a mortgage quickly enough.
For Your Mortgage Needs CONTACT
Jason Hatton | Mortgage Broker | Verico iMortgage Solutions
(780) 238-1791 | email@example.com | www.home2mortgage.com