In part 3 we learn that without taking the time to get pre-approved everyone in the process looses.
Why is it important to be pre-approved- Because a pre-qualification is just a feel good piece of paper that doesn’t guarantee your ability to purchase a home.
Who should this matter to? EVERYONE- The buyers, the Buyer's agent and the Seller and Sellers agent. Because it affects EVERYONE if the deal doesn’t come to fruition.
Take the time to get fully pre-approved. It is one decision you won't regret doing. KNOWING IS BETTER than HOPPING.
**Curious about the difference between a Pre-approval and a Pre-Qualification? Here's a breakdown:
Pre-approval: Complete your application and have your credit, income, and assets verified by a mortgage lender.
Pre-Qualification: Submit an application and receive a preliminary assessment based on your credit score and provided information.
Why does pre-approval matter? Because pre-qualification alone doesn't guarantee your ability to purchase a home—it's merely a feel-good piece of paper.
Who does it impact? Everyone involved—buyers, buyer's agents, sellers, and seller's agents. A failed deal affects everyone.
Take the time to get fully pre-approved. It's a decision you won't regret. Knowing is better than hoping.
Want more information on the pre-approval process? Visit our website to download our FREE buyers guide packed full of everything a homebuyer needs to know to get started.
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