Benefits Of A Well-Planned Down Payment Strategy
September 3, 2023
Buying a house is a significant decision with a big price tag. Saving for a down payment is crucial, but does conventional wisdom about down payments hold?
Buying a house is a significant decision with a big price tag. Saving for a down payment is crucial, but does conventional wisdom about down payments hold?
Getting a mortgage pre-approval offers hopeful buyers peace of mind that they have an approved loan.
It is important to note that full approval will be granted once the lender completes all evaluation processes.
When you think of the first steps in buying a home, you’re probably thinking about talking to a real estate agent and viewing homes, not getting a Mortgage Pre-Approval. However, the first steps should take place months before you speak with that Realtor, and it should be with your mortgage broker.
You have applied for a mortgage and have a pre-approval! Great, nothing can go wrong, right? Well, not exactly. Yes, you have your mortgage pre-approval, but one major factor is working against you, and that is time!
Buying a house is a significant decision with a big price tag. Saving for a down payment is crucial, but does conventional wisdom about down payments hold?
Getting a mortgage pre-approval offers hopeful buyers peace of mind that they have an approved loan.
It is important to note that full approval will be granted once the lender completes all evaluation processes.
When you think of the first steps in buying a home, you’re probably thinking about talking to a real estate agent and viewing homes, not getting a Mortgage Pre-Approval. However, the first steps should take place months before you speak with that Realtor, and it should be with your mortgage broker.
You have applied for a mortgage and have a pre-approval! Great, nothing can go wrong, right? Well, not exactly. Yes, you have your mortgage pre-approval, but one major factor is working against you, and that is time!
Contact us, and we would be happy to help. One of our knowledgeable mortgage agents can provide the expertise you are looking for.
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