If you’re just starting your new home search, you may want to consider getting pre-qualified for a home loan. Here are just a few advantages of pre-qualifying for a mortgage before you begin your house hunt.
It helps to establish a budget.
Not sure how much home you can afford? Getting pre-qualified for a home loan is a wonderful way to find out!
The process that involves a initial interview and a financial review to determine your goals, budget and type of loan fits your needs.
It saves time.
Once you have an accurate idea of your price range, you won’t waste time touring communities and homes don’t fit your need. In addition, because your Mortgage Broker has already done most of the groundwork, you will enjoy a shorter mortgage approval period and/or avoid any last-minute delays due to approval issues.
It allows you to plan ahead.
It can be easy to focus on home price and overlook any other costs associated with homeownership—especially if you’re a first-time homebuyer. Learning the maximum amount you can borrow from your Mortgage Broker through pre-qualification will help you plan ahead and better budget for extra expenses, such as utilities and home furnishings.
It provides peace of mind.
Getting pre-qualified for a mortgage can help ease worries associated with financing and give you a sense of control over your new home search.
Ready to get started?
Our Affiliate Business Partner can help!
Welcome to People’s Choice Mortgage (NMLS # 1695859, MA Broker License #MB1695859 Michigan 1st Mortgage Broker FL0022334.). We know that each customer has specific needs, so we strive to give you a wide array of products, educational tools, mortgages and best of all quality service and individual attention. This is not a commitment to lend or extend credit. All Loans are subject to credit approval. We arrange but do not make loans.