3 ways getting pre-qualified for a mortgage loan can help during the home-search process.
When a homebuyer is prepared and all the pieces fall into place, the home-buying process can often move quickly. One way to help keep it speeding along is being pre-qualified for a mortgage loan. Pre-qualification provides homebuyers insight into how much they may be able to afford for a down payment and allows real estate agents to narrow the search.
It Allows Homebuyers to Know Their Limits
Being aware and respectful of a budget saves time and prevents prospective homebuyers from daydreaming about out-of-budget homes. The less ambiguous homebuyers are about what they may be able to afford, the more efficient the home search will be.
It Shows Sellers the Homebuyer is Serious
The real estate market can be a competitive space, but getting pre-qualified could give a prospective homebuyer an advantage over fellow potential buyers.
It Helps Homebuyers Know How Much to Save
Prepare for success by planning and goal setting. By being organized and reasonable, homebuyers may avoid unnecessary roadblocks on the path to homeownership.
Ready to take the first step? Work with a local mortgage professional.
Source:
https://news.remax.com/understanding-the-perks-of-pre-qualification