Getting pre-approved can save you a lot of time and headache by being
fully approved for your new mortgage before you start searching for your
dream home. This will allow you to close more quickly and you will also
have greater negotiating leverage with the seller. The major benefits to
getting pre-approved are:
- You will know exactly how much loan are approved for, before starting
your home search.
- You will be able to close more quickly.
- You will have a greater negotiating leverage with the seller.
- You won't have to worry about all the paperwork later.
- Once your purchase contract is signed, you and the seller won't have
to worry about your mortgage.
- You will have more peace of mind.