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We explain the mortgage process thoroughly so you are confident and prepared to engage with lenders.

Pre-Approval 101

Simply put, pre-approval is when your lender really looks into your financial history and lets you know how much they would be willing to lend you.

Two Good Reasons To Get Pre-Approved

#1

To get a sense of your true budget.

Trust us — you don’t want to start house-hunting without knowing your actual upper limit. But please proceed cautiously here. Just because your lender might be willing to lend you a certain amount of money doesn’t mean you can truly afford to borrow it. Remember, you ultimately need to set the amount you are comfortable spending on a home, not the bank. But getting pre-approved at least gives you a ballpark of what might be appropriate for you.

#2

To show you are serious.

Once you feel ready to buy a home, getting approved sends an important signal to your partners (like a potential seller) that you are a responsible buyer who is doing his or her homework. If you ultimately make a bid on a home, the seller will respond more favorably to the fair offer that arrives with a pre-approval letter – which shows that you can actually put your money where your mouth is.