The Mortgage Corner with Greenstate Credit Union - The Importance of Being Pre-Qualified When Buying a Home
Whether this is your first or tenth home purchase, the process can be overwhelming. One of the smartest steps you can take is getting pre-qualified for a mortgage. Here's why this crucial move can make all the difference:
1. Understand Your Buying Power
Pre-qualification provides a ballpark estimate of how much you might be able to borrow. This insight helps you focus your home search within a realistic price range and avoid the frustration of falling in love with a home that's out of reach.
2. Stand Out in a Competitive Market
In today's fast-paced real estate market, sellers want reassurance that offers are credible. A
The process of buying a home can feel a bit intimidating, even under normal circumstances. But today’s market is still anything but normal. There continues to be a very limited number of homes for sale, and that’s creating bidding wars and driving home prices back up as buyers compete over the available homes.
Navigating all of this can be daunting if you’re trying to do it alone. That’s why having a skilled expert to guide you through the homebuying process is essential, especially today. Bankrate shares this perspective:
“Advice and guidance from a professional real estate agent can be invaluable, particularly amid a hot or unpredictable housing
