Why Loan Pre-Approval Matters
Can you make an offer on a house before pre approval or should I get mortgage pre-approved before searching for a home in Tampa Bay?
Today we’ll answer that question for you in this short video.
In short, the answer is 
—you should always get pre-approved before going home shopping for a Tampa Bay home!
0:00 DO I need a preapproval before looking at homes
0:17 What is a preapproval letter
0:38 Why you need to work on this NOW
1:03 Finding a great Lender, and why that matters
1:23 A Cautionary Tale
2:02 Let’s connect
Why loan pre approval is so important to win in any market
An experienced real estate agent, always recommends that you get pre-approved for a loan before viewing homes and making any offers. This way, everyone know that you’re serious about buying a house and that you’re qualified for a loan. More importantly, in this market, a seller won’t look at your offer unless you show a pre approval letter. You might also need a proof of funds too to show you have the down payment and closing costs to close the transaction. In short, you can’t make an offer on a house before knowing the details of your pre approval.
If you’re not sure what to do, talk to a loan officer or real estate agent to see what they recommend.
Thinking about moving into a neighborhood with a Homeowners Association? Check out this post!
We work with several lenders like Keller Mortgage on an ongoing basis. We can help you find the best lender for your situation to increase the chances of you closing on your new home! If you’d like to meet other lenders, just ask!
