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Getting a pre-approval is one of the most important steps in purchasing a home. A pre-approval ensures you aren’t wasting time looking at homes outside your qualified price range. It also helps you create a financial plan with respect to the costs of home ownership as you will be able to see what your monthly mortgage payments will look like and how it will fit into your budget! In addition, you can get information on what you will need for your down payment and other closing costs associated with buying a house.

Pre-approvals also give you a very important temporary rate hold. This way if the market changes and interest rates go up, you will be protected while you shop for your home. Typically pre-approvals last for 120 days.

Pre-approvals give you confidence to put in an offer once you find the house that’s right for you. While others may be scrambling to secure financing, you will be well on your way to having your offer accepted and purchasing your home!

Contact me to get a no obligation pre-approval and rate hold today.