Advantage of Mortgage pre-approval
Mortgage pre-approval not only helps Home Buyers understand the financial limit, but can also give an advantage over other buyers not pre-approved.
Getting pre-approved by a Bank before shopping for a home helps Home Buyers in two ways.
First, Mortgage Pre-Approval helps home buyer narrow down the homes under consideration because it tells How much house they can afford.
Second, pre-approval can give Home Buyer a leg up over other buyers after finding a home. Sellers are more likely to accept offers from Houes buyers who they know have financing secured, because the sale is more likely to close.