The PreApproval is a means for a buyer to discover their purchasing power, financing options, the process of the loan, as well as the costs associated with that loan before shopping for a home. This will give the buyer a clear picture of how much their payment will be, what their closing costs will be, and what to expect durring the process.
The initial phone call in the process will only take 10 to 15 minutes. If you do not get pre-approved, and move forward with a real estate contract, it may cost you thousands of dollars.
For more information on PreApproval, and how it may save you money and time, please contact Joe Harris today!
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