It’s time! You’ve saved, paid down debt, and dreamed of your new home. Now you are ready to take the plunge and buy a new home. Before you start internet searching and setting appointments with your realtor, you should meet with your trusted mortgage lender to get pre-approved, and here’s why:
- In the Ballpark? Getting pre-approved for a mortgage confirms what you can afford to purchase—no point in viewing homes outside your means. Time is valuable; don’t waste it!
- Problems Be Gone Getting pre-approved can alert you to any issues preventing you from getting a mortgage. Determining things like paying down debt to improve your debt-to-income ratio or correcting an inaccuracy on your credit report can be addressed during the pre-approval process and prevent unwanted surprises after putting an offer on a house.
- In It to Win It With a pre-approval letter in hand, you’re telling sellers that a lender has reviewed your financial situation and conditionally determined the house you can afford. Sellers want to move forward with an offer with the slightest chance of falling through. Pre-approval provides confidence that you are a serious buyer.
Ready? The mortgage lenders at Bank Forward are prepared to help you take the first steps in getting pre-approved. Let’s Move Forward today!
For qualifying applicants. Bank Forward NMLS ID# 446402
