Keep Your Pre Approval Active
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by Jamohl DeWald
- October 9, 2023
- Buying Real Estate, First Time Homebuyer
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Don’t hit pause on your dreams of homeownership! Keep that pre approval active and stay one step closer to finding your perfect home. Reach out to us today and let’s make your real estate goals a reality. Below we go over some of the reasons to keep your pre approval active.
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Getting pre-approved for a mortgage is a crucial step for first time home buyers. It offers several benefits and holds significant importance throughout the homebuying process.
Firstly, pre approval gives you a clear understanding of your budget. It helps you determine how much you can afford, ensuring you don’t waste time looking at homes that are out of your price range. This targeted approach saves both time and effort.
Secondly, pre approval boosts your credibility as a buyer. Sellers are more likely to take your offer seriously when they know you have secured financing. It can give you an advantage in competitive markets.
Additionally, pre approval allows for quicker closings. Since much of the mortgage application process is already completed, finalizing the purchase can be expedited, making you a more attractive buyer.
Moreover, it helps you identify and address potential issues in your credit history or financial situation early on, improving your chances of securing a favorable interest rate.
In summary, pre approval streamlines the homebuying process, enhances your credibility, and ensures you stay within budget. It’s a vital step for first time home buyers, setting the foundation for a successful and stress free home search.

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