Be a Better Buyer Series: Pre-approval

Posted by The Bell Team - KW on Thursday, June 20th, 2019 at 3:52pm

Over the next 12 weeks, this blog will focus in on the many parts of purchasing a home. We know that purchasing a home—whether it be your first or your fifteenth—can be stressful and confusing.

But it doesn’t have to be! We help people buy homes all the time! These 11 blog posts explore and explain the typical roadmap to purchasing a home. Some steps are more cumbersome than others, but if you know what to expect you won’t be taken off guard if (and when!) complications arise!

First off, we’ll talk about getting pre-approved.

Before you even start the home search, we suggest you get a pre-approval letter from your lender. The pre-approval letter basically says that your lender (the financial institution that will loan you the money for your home) has already given you permission to borrow a certain amount of money.

Getting pre-approved is relatively easy… as long as you have the right paperwork. Our preferred lenders are more than happy to let you know what to (and not to) bring to your pre-approval meeting.

If you have the necessary paperwork, pre-approval can be done in as little as 15 minutes. Those 15 minutes will save you hours—potentially weeks—in the long run, so go ahead and get that done before looking for a home.

Getting pre-approved has another benefit: it allows you to shop with confidence. Since you know exactly what your budget is, you know right off the bat what you can and cannot afford. You’re not wasting time looking at homes that are over your budget, nor are you short changing yourself by looking at cheaper homes when you could afford something more!

If you want to get pre-approved, reach out to us! We’ll pair you with a fair, reputable lender. If you're a doctor or dentist, we might could get you 100% financing on your home!

Next time, we’ll cover starting your home search. Click below to go to the next post!


 

The Better Buyer Series


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