SWBC Mortgage Corp
American Home Lending
If you’re ready to get pre-approved for a home loan, we encourage you to apply with one of our recommended lenders who take great care of our clients. Just click one of the circles above to start filling out your application, and don't forget to mention that The RealTeam Homes & Land referred you!
Getting Pre-Approved is the first step on your exciting
home buying journey!
You may be wondering,
“Why should I get pre-approved
before I find the home I want?”
Here are just a few of the many reasons to get pre-approved for a loan BEFORE starting your home search:
Determines How Much Home You Can Afford
Gaining a pre-approval will help you set a budget for home buying. Thereafter, when house hunting, you will have a better idea of what you can afford and can avoid wasting time looking at homes above or below your price range.
House hunting before gaining pre-approval sometimes can lead to disappointment. Many buyers will search weeks for the perfect home only to find that it's out of their price range or to find it has already sold to someone else who did get pre-approved. Getting pre-approved BEFORE house hunting will help prevent this happening to you.
Better Chance Of Getting The Property You Want In A Multiple Offer Situation
If you land yourself into a situation in which the house you want has multiple offers on the table, sellers are much more likely to choose an offer with a pre-approved buyer vs a buyer who hasn’t arranged their financing.
Allows Your Realtor® To Put More Resources Into Finding The Home You Want
With a pre-approval letter you will show your Realtor® you are serious about home buying. In these cases, Realtors® can dedicate their maximum time, resources, and effort into finding you the perfect home.
Gives The Buyer A Chance To Clear Up Any Credit Issues
Occasionally, during the pre-approval process, credit issues that you may or may not be aware of can arise. Since it is early on in the home buying process, this would give you plenty of time to clear up these issues before you put in an offer on a home. This will also avoid any unnecessary delays in regards to closing.
Your Offer Will Be Taken Seriously
Sellers want buyers to show that they have made significant progress towards purchasing a home and are willing to go through with the whole process that is home buying. Bringing a pre-approval letter alongside an offer adds leverage and the seller is more likely to negotiate or accept.
Gaining a pre-approval is one of the most important aspects of the home buying process. We are always happy to assist our clients in any way possible. If you have questions about the pre-approval process, please feel free to call us anytime!