Wednesday, December 23, 2009

3 good reasons to start your home search with a mortgage pre-approval

Here are three great reasons to start your home search with a mortgage pre-approval.

  1. A mortgage pre-approval helps you focus your search on homes that you can afford.
  2. A pre-approval adds more weight to your offer to purchase, and helps you in the event that other buyers are competing for the same home.
  3. A pre-approval helps you move through the financing contingency in your offer to purchase more quickly.
The UW Credit Union does a nice job explaining the mortgage pre-approval process in this article. You'll find it on the buying real estate page at DaneCountyMarket.com.

Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com

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