The pre-approval process isn’t anything homebuyers should be scared of. Here’s why.
Want to sell your home? Get a FREE home value report
Want to buy a home? Search all homes for sale
The pre-approval process can be intimidating, and some homebuyers find it downright scary, but there’s no need for you to be afraid of it. Most of it can be done over the phone, and it’s actually pretty easy.
All you have to do is call one of our preferred lenders, they ask you a few questions, and you send them a couple documents via email. Next thing you know, they’ll have a pricing number for you. Once you have that number, us Realtors can pinpoint the houses to show you.
A pre-approval also gives you more negotiating power as a buyer in today’s market. Jen’s daughter just went through this process and assumed she would only qualify for a $250,000 home. As it turned out, she actually qualified for a $300,000 home. This gave us a lot more flexibility to find her a home to suit her needs.
Most of the pre-approval process can be done over the phone, and it’s actually pretty easy.
A lender can also pull your credit report and let you know what you qualify for based on your current credit score or if there’s anything in your report that needs to be cleaned up. They can then advise you on how to fix any problems you may have and notify you what your time frame is so you’re not guessing.
If you have any questions about the pre-approval process or you have any other real estate needs we can help you with, don’t hesitate to reach out to us. We’d be glad to help you.