Pre-Approval Can Be Essential

Unless you are an all-cash buyer, being pre-approved for a loan is a critical component in your home-buying process. Loan pre-approval gives you a clear sense of just how much home you can afford. This prevents your “want list” from growing out of hand and setting you up for any disappointment. It also can save you an enormous amount of time.

Additionally, obtaining loan pre-approval is invaluable in the negotiation phase of the home-buying process. When coming with an offer to a seller, you are in a much stronger position when you can demonstrate that the offer you are making is not merely the offer you would like to make, but the offer that you can make. In this short video, my colleague David Findley and I discuss pre-approval further:

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