Getting pre-approved for a home loan is an important first step when you decide to purchase a home. Pre-approval gives you the advantage of knowing your buying power and identifying any qualifying areas that might need attention. The price range you can be approved for and your comfort level for a monthly payment within that price range is also important. Knowing this information will help you shop with confidence during your home search.
Being pre-approved will save you time and energy by eliminating extra time that may be spent looking at homes that do not fit your budget. Alternatively, you may discover that you qualify to purchase more home than you anticipated. Another benefit is enhanced negotiating power, because being pre-approved shows that you are prepared to buy. Understanding the boundaries of your pre-approval allows you to negotiate with confidence to reach the outcome you desire.
It is a short and simple process to be pre-approved for a mortgage loan and move into the buying process with strength and determination. Directors Mortgage knows local, and is ready to work with you to complete the pre-approval process.
Call your Local Sr. Mortgage Specialist at Directors Mortgage for more information.