04/15/2022
In a competitive homebuying market, sellers want to sell their homes quickly to someone who will be able to buy it with no issues. A pre-approval letter is an official document explaining the mortgage amount you can afford based on your income, debt, and assets. This gives you an idea of the price range you can afford and tells the buyer you’re serious about the offer you’re making.
•Pre-approval gives you financial insight: When you get pre-approved, you’ll get more granular information about your unique financial situation that you may not have had before.
•Pre-approval makes you a competitive buyer: In many areas, sellers will not consider an offer from a buyer unless there’s a pre-approval letter, leaving you at risk to be overlooked in favor of another candidate who is pre-approved. This could be the difference between getting your dream home and missing out on the opportunity.
•Pre-approval demonstrates you are serious about buying: Sellers will see you as further invested in the process than someone who hasn’t taken the time and effort to have their financial information pre-approved.
Reach out to me to get started!
JAQUELINE LOZANO
NMLS #2053985
(971)220-4845
[email protected]
Redonamiller.com
