When it comes to buying a property, getting pre-approval for a mortgage is a must, and it’s an absolute must in a seller’s market. You want to be able to negotiate and close quickly. Having a custom pre-approval letter from the mortgage lender when making the offer shows you’re serious and ready to make a deal.
Q. When are you serious about shopping for a home?
A. Once you have your pre-approval letter it’s time to shop and buy!
Q. Why do I need the pre-approval before buying?
A. The agent needs this for negotiation. If there are 1, 2 or 10 offer’s on the table it adds credibility to the offer your agent just made for you.