It’s a good idea to obtain lender pre-approval prior to making an offer on a house. A pre-approval will give you a better understanding of your price range, your down payment amount, and your monthly payment.
The pre-approval letter makes you a stronger home shopper since sellers won’t have to worry about whether you can qualify for a mortgage. Your offer will be more likely to be considered since there is a higher likelihood that the transaction will close.
Getting pre-approved allows you to search for homes with the confidence of knowing what you can afford and let you move faster when you find the perfect home!
If you or someone you know would like to learn more about getting pre-approved for a home loan, please get in touch. I’m happy to help!