Why get Pre-Approved?

To find out how much you can afford.
You may have an idea of what you would LIKE to borrow for your home purchase. Getting pre-approved for a mortgage before you start looking for a home allows you to find out how much you CAN afford. You may be able to afford more than you think!  If not, you can save the heartache of falling in love with something you won’t be able to get approved for.

To be a more effective and efficient buyer.
Getting pre-approved allows you to be more effective when shopping for a new home.  It will help you streamline your search effort and save a lot of time by only evaluating and viewing homes that are in your price range.

To make yourself a stronger buyer.
When you get pre-approved, you will have an advantage as a buyer because the seller will know you are already approved for an amount great enough to cover the sale of their home.  Your credibility is MUCH stronger and the seller is usually going to accept your offer over another offer without a pre-approval, even if the other offer is for a slightly higher amount.