How Pre-Approval Makes Home Buying in 2020 Easier

These days, everyone is searching for a little more certainty, especially when shopping for a home. If this sounds like you, know that there is an immediate and comforting way to purchase a home in 2020. It's by getting pre-approved for a home loan.

Here are the top ways that a pre-approval letter benefits 2020 homebuyers. 

**Skip ahead! Get your mortgage pre-approval letter fast by starting the application today. It only takes a few minutes to complete, and you can do it entirely online. 

Check Your Home Buying Power

One of the first benefits of getting pre-approved is getting insight into your financial health and how much home you can afford. One of the first steps we take to get you pre-approved is to check your credit score and analyze your debt-to-income ratio (DTI). 

Often, our applicants are surprised at much credit they are awarded! And other times, getting your credit score and DTI where it should be will take a few extra steps. Either way, you'll have peace of mind of knowing exactly where you stand --and this gives the upper hand over most home shoppers out there. 

Browse Potential Homes with a Purpose

We get it: real estate browsing and imagining your life in a new home is fun. But when you're serious about buying a home, endless scrolling and "guesstimating" affordability will only waste your time and cause you to miss real opportunities. However, with a pre-approval letter on hand, you can browse confidently, without any murky assumptions about your homebuying power. 

Another benefit of browsing with pre-approval is that you'll gain a better picture of all the financial obligations of owning a home. Many overlook the costs of HOA fees, insurance, and property taxes. We'll help you determine the "sweet spot" monthly mortgage payment to make your purchase and accompanying costs transparent. 

Bid with Confidence

Low-interest rates and low property inventory means facing competition. And when your dream home is at stake, you want every advantage over other home shoppers. That's where your pre-approval can help you once again! An offer from a pre-approved buyer generally carries more weight than a similar offer from an interested party without pre-approval.

Finding stability where you can is more important than ever before, and this pandemic doesn't have to wreck your homeownership aspirations. Get pre-approval today so you can browse and bid with confidence in one of the lowest interest rate environments the US has ever seen!