Give some thought to these very critical benefits realized from a pre-approved mortgage:

Let's say that you are out "house hunting" and find the perfect home.  The chances are that someone else also feels it would make the perfect home.  The reality is that great homes draw a lot of attention regardless of the market conditions and home owners prefer dealing with a firm purchase agreement rather than on dependent on mortgage financing. 

Most pre-qualification commitment letters mean that you have not been approved by the underwriter of a mortgage company. In fact the letter states that your financial information has not been verified. 

A pre-approved commitment can make a difference in buying the house of your choice.  Few home buyers go to this trouble, and are usually happy they did.  It's a wise move and one you should make without hesitation

A pre-approved mortgage gives you purchasing power.  In one step, you guarantee yourself the best mortgage rate and increase your ability to negotiate with the seller.

 

LISA MERRITT
Real Estate Broker, CRS, CRP, GMS, SRES, BA

 1-800-279-7272