When you’re ready to find a home, the last thing you want to do is limit your possibilities. Dream big, right? The worst thing you can do however, is fall in love with a home, only to learn that you don’t qualify for it.
A loan pre-approval is the first and most crucial step to do before you start looking for a home. Here’s why:
Streamlined Hunting With Pre-Approval
Most homeowners start out by browsing homes for sale online to get an idea of what neighborhoods and housing styles they like. If you don’t know what you can afford, you may be looking out of your price range and wasting your time. You may also be looking below what you would have qualified for and not getting the right home for you.
If you start off by getting a pre-approval, you can sort by price, identify the right neighborhoods, and find your dream home much faster.
Better Results From a REALTOR®
First, when a REALTOR® knows what you want and what you can afford, we are able to do a better job of finding your dream home.
With a pre-approval, we know what exactly what to focus on and would be able to suggest different neighborhoods, sizes and conditions of homes to match your needs—making it easier to get you exactly what you want.
Higher Acceptance Rate for Buyers With Pre-Approval
Once you find the perfect home, the next step can go two different ways depending on a pre-approval.
If you’re not pre-approved and you find a home you want to make an offer on, you’re taking a gamble. REALTORS® and sellers are less willing to accept offers from a buyer without a pre-approval. Odds are, they’ll go on to the next offer—and you’ll miss out.
However, if you are pre-approved, you have more room to haggle. Sellers may be more willing to lower the asking price, include appliances, cover closing costs or make other allowances to work with a pre-approved buyer.
How Heritage Mortgage Can Help
We have worked with Paul Wlasiuk, President of Heritage Mortgage Corporation for over 14 years because Paul runs his business the way we do- realizing that communication is the key to a successful transaction. Paul is always available to answer questions anytime, day or night. He offers very competitive rates, and always closes escrow on time, or sooner if possible. This allows you the Buyer, to remain stress-free knowing that you have a professional Lender advocating on your behalf.
Heritage Mortgage Corporation is a full service mortgage broker licensed in the State of California. They offer residential Real Estate loans for purchasing or refinancing, including debt consolidation and home improvement loans. Heritage Mortgage Corporation offers competitive rates for:
- Home Equity Loans
- Conventional / FHA / VA
- First Time Home Buyer Programs
- Sub-Prime / Hard Money Loans
- Construction Loans
- Reverse Mortgages
Heritage Mortgage is a wholesale mortgage broker for most of the top mortgage lenders in America. This allows them to tailor the perfect loan to meet your specific Buyer needs.
Let Heritage Mortgage be your single source for your entire real estate mortgage needs.