The #1 Tip for Home Buyers: Get Pre-Approved First

If there’s one piece of advice every home buyer should hear, it’s this: get pre-approved before you start shopping.

Good homes don’t wait

When the market is busy, the best homes don’t sit around. If you find a home you love and then start sorting out your financing, there’s a good chance it will be gone by the time you’re ready. All that’s left is disappointment.

What a pre-approval does for you

A mortgage pre-approval is a lender’s review of your income, credit and debts that tells you how much you’re likely able to borrow. It helps you:

• Know your budget so you only look at homes you can afford
• Move fast when the right home comes up
• Write stronger offers, because sellers know you’re serious and prepared
• Avoid surprises about rates, down payment or what you qualify for

How to get pre-approved

1. Talk to a mortgage broker or lender. Your REALTOR® can connect you with someone they trust.
2. Gather your documents, such as pay stubs, employment letter, tax returns and proof of your down payment.
3. Review your options and the amount you’re approved for.
4. Start shopping with confidence.

Keep in mind that a pre-approval isn’t a final guarantee. Your lender will still review the specific home before your financing is confirmed.

Thinking about buying soon?

Veronica helps first-time buyers get set up the right way, starting with a pre-approval, so they’re ready when the right home hits the market.

Call Veronica at 289-768-9968 or start your home search.