In today’s competitive real estate market in in California, a home buyer needs every advantage possible when purchasing a new home. Especially when as a home buyer, you may be competing against all cash buyers. Being pre-approved for a loan can show a seller that your offer is just as good as cash to them. Also in the process of getting your loan pre approved, you will have a clear idea how much of a home you can buy. And remember it is better to be pre approved than pre qualified. Pre Approval means that all your financial information and verifications have been submitted and approved and all that is need is an appraisal, “preliminary approval” often just means it seems to be the case that your loan will work. A strong listing agent will be much more impressed with pre-approval instead of preliminary approval. Here is some valuable information from Angie Acord of Acord Real Estate.
The post Importance of Loan Pre-Approval for Home Buyers appeared first on wordpress.
No comments:
Post a Comment