Business photo shows printed text Mortgage Pre-Approval

There are some often overlooked reasons and advantages to getting pre-qualified for a mortgage before you go home shopping.

This helps you determine how much you can get approved for: 

    1. This helps you with the more important question of how much you WANT to spend 

 It helps you narrow down your home search:

    1. You may be looking at the wrong priced homes
    2. You may be looking in the wrong areas
    3. You may be missing out on special rates in certain geographical areas such as USDA 100% Financing. 
    4. You may be looking at homes priced way below or way above what you can qualify for or what you actually want to spend every month

The new regulations can make it take a lot longer to change your credit scores: 

    1. Any little unknown issue, even a $350 bill for an x-ray 5 years ago that you didn’t know about, can take months to clear up in all three credit agencies

You may be about to make a financial decision that will raise your mortgage rates:  

    1. You may be about to add a family member
    2. You may be about to change jobs
    3. You may be trying to plan for capital gains taxes
    4. You may be buying a new car and that will increase or decrease the mortgage rate you could get
    5. Your rate, even a fraction of a point higher, has a HUGE impact on your monthly payment and an even larger impact on the bottom line of what you pay for the home

This gives you time to consider which lender has the best options for your unique needs:

    1. The Builder Approved Lender offers an incentive to the buyer and has a long working relationship that makes it a much smoother process usually with no surprises