Obtain the Best Rates & Lowest Closing Costs
When you’re ready to purchase a home, it’s clearly important to get a mortgage pre-approval to negotiate from the strongest possible position. In a strong real estate market, it’s not uncommon for buyers to have to compete for the home they want. This gives the seller the ability to be selective regarding which buyer they choose to negotiate with. It’s important, then, that you leverage your own advantages to ensure your offer is the one the Seller accepts.
The vast majority of Buyers put themselves at an overwhelming disadvantage by approaching the process entirely wrong.
If you take a look at the process from the Seller’s perspective, the point becomes clear. If you were selling your home and faced with multiple offers, clearly you would favor the offer which had a Certificate showing Financing Approval over other offers which were Conditional on Financing. In the first case, there’s certainty that the buyer has the resources to buy. In the second case there’s not. It’s difficult to understand why so many buyers fail to start looking for financing until after they’ve found a home. Regardless of whether most people will eventually be approved, the timing of having a Certificate of Financing Approval matters. Having this document when you make your offer gives the Seller permission to accept your offer immediately over others who don’t have this certain approval.
However, there are cost advantages for you as a Buyer as well. Starting the process early means you can get a firm grasp on interest rate and closing costs. This helps you avoid putting yourself under any time constraints that may force you to overpay.
Getting a Loan Pre-Approved is easy.
Complete the form on this page. We will connect you with a certified mortgage professional. They will assist you in locating the absolute best mortgage rate and lowest closing costs possible.