A mortgage loan pre-qualification is the process of being pre-approved for a home mortgage loan BEFORE you make an offer to purchase.
Here are four good reasons why you should pre-qualify BEFORE you start looking:
1. Getting pre-qualified lets you know what your top price is. You won’t waste your time looking outside of your range.
2. You won’t go through the terrible disappointment of being rejected on a mortgage application … or having your “dream home” pulled out from under you.
3. Pre-qualification shows you are a serious shopper. Both your agent and the sellers will take you more seriously. By knowing what your financial limitations are, your agent can spend more time looking for homes that “fit” instead of wasting time time showing you homes you will never qualify for.
4. You’ll save time running around after you have put in an offer.
The bottom line? Pre-qualification makes the whole process of shopping for a new home easier!
Pre-qualifying is easy … just give me a call @ 250-338-3740. My mission is to get you the BEST mortgage possible.