Getting Pre-Approved is a Must (Non-Cash Buyers)

Getting Pre-Approved is a Must (Non-Cash Buyers)

Getting pre-approved will not only make your home search easier, but it will ensure that you understand, from the start, the budget that you can realistically afford. This will help to ensure that you avoid the disappointment of visiting properties that are out of reach and will keep the focus only on the best properties that are within reach.

Pre-approval determines your bottom line. That is, the maximum amount that you can afford while factoring in your mortgage payment, property taxes, home insurance, utilities and monthly living expenses. Understanding this baseline budget right from the start of your home search will help you keep your eyes on the prize and will return results that you can afford.