Even though some home prices and sales are finally leveling out after months of a bullish real estate market, those looking to purchase a home aren’t in the clear just yet. Competition is relatively high given the limited housing inventory, so it is good to be as prepared as possible before you start shopping for a home.
One very important thing you can do to be prepared is to house hunt with a pre-approval letter.
These days, many seller’s agents are expecting a pre-approval letter from potential homebuyers. A pre-approval letter proves that you have the funding necessary to purchase a home. Thankfully, getting pre-approved for a mortgage is simple, and Scott Bennett can help you get it done. You just need to provide proof of identity, income, and assets to see what kind of mortgage terms and rates you may be eligible for.