If you are planning on purchasing a home, pre-approval for a home mortgage loan can make a difference when making an offer. Here is why:
You Are Serious
With pre-qualification, you are showing a seller you are a serious buyer and this may work in your favor. Your offer to purchase may look attractive since the seller will not need to wait days to see if you are approved for a mortgage. (In competitive selling markets, non-approved buyers risk getting offers accepted.) If there are multiple offers on the home, a pre-qualified buyer may be the most attractive one.
You Know What You Can Afford
Without pre-qualification you do not know how much home-buying power you have. Why waste time looking at homes you cannot afford?
Need To Be Pre-approved?
Contact Sibcy Cline Mortgage Services.