What’s the main reason to get pre-approved before shopping for a home
*
To impress your friends
Because your Realtor says you have to
To know exactly what you can afford and show sellers you are a serious buy
When should you get pre-approved?
*
After you’ve made an offer on a home
Only if you find a home you love
Before you start looking at homes
Who benefits when you’re already pre-approved before house hunting
*
Only the lender
Only the seller
You, your Realtor, and the seller
How difficult is it to complete a loan application for pre-approval
*
Complicated and time-consuming
Easier than signing up for a social media account
It requires a lawyer
When should you get pre-approved?
*
After you’ve made an offer on a home
Only if you find a home you love
Before you start looking at homes