An important first step in the process of purchasing a home is getting pre-approved for a mortgage loan.
“I recommend that you do this even before looking at homes or making any decisions that involve moving from your current home” Ricardo Cobos – Mortgage Lender/Realtor
Why? There are three reasons.
- Getting pre-approved for a loan will show you, in writing, precisely the loan amount you can get. This allows you to calibrate your home price range and narrow your home search.
- When it comes time to make an offer, being pre-approved gives you a stronger bargaining position. A seller will prefer your offer because they know that the loan will not fall through. Your offer will also be more credible.
- Being pre-approved also means that your loan application will be accelerated. You will be in your perfect home quicker and with less stress.
Once you have completed the pre-approval we can determine the best loan for you and then we can help you find the perfect house for you and your family!