Make Everything Easier by Getting Pre-Approved for a Mortgage Loan

There are few things that are better than getting pre-qualified for a mortgage loan. 

Being pre-approved not only makes things easier for you, but it also helps mortgage lenders facilitate the process on their end.

It helps to determine every little detail that we need to know to help move you into your dream home. 

This blog post provides some insights on why mortgage loan pre-approval should be your strategy for success.

The Facts

Getting pre-approved does require a bit of information right from the start. We go over your financials, credit history, and score. Then, through these various forms of information, we review and calculate an approximate of what you would qualify for in terms of a mortgage loan and interest rate. 

This process allows us to help you not waste your time and gives everyone a rounded idea of what type of property would best work for you.

There are many benefits that come this procedure. It allows you to know what you have to work with and allows the lender to better serve you by pointing you in the right direction. 

Of all other benefits, bargaining power seems to stand out the most to us at Indigo Mortgage as the top benefit.

The Ultimate Benefit

Bargaining power seems to be what is probably the single most important benefit of getting pre-approval, for without it some companies could easily walk all over it. 

We encourage everyone to shop around mainly because we will always give you the lowest interest rate we can manage. If there is something better out there for you, then by all means go for it.

With pre-approval, you get to know your best available rate, right from the start. So, when you get to dealing with the various mortgage lenders out there, you don’t have to worry so much about being taken advantage of. 

Not to mention it is much easier shopping around when you know what you want and what you can get.

The Market

This may very well come as a surprise, but pre-approval can actually help you quite a bit in this current market. Everyone is buying right now and the bidding wars and underhanded tactics that are going on are more than enough to drive someone crazy with stress.

Pre-approval helps by speeding things up because we already know what we can do for you. Having that advantage can very well be detrimental to ending up with your dream home before someone else does. At Indigo Mortgage, we always encourage shopping around for rates and being pre-approved. 

Posted by Indigo Mortgage at 9:06 AM 1 comment: