The Loan Process: Obtaining a pre-approved mortgage is the best way to get started in the home buying process. With a mortgage approval, you will be in a position to negotiate with Sellers. You will also be able to close on a property quicker than other Buyers. This shows the Seller how serious you are about the property, and it will make the Seller more comfortable working with you. In any market, today, a pre-approved mortgage is essential.

Many Buyers apply for a loan and obtain approval before they find the property they want to buy.  Why?  Pre-qualifying will help you in the following ways:

• Generally, interest rates are locked in for a set period of time.  You will know in advance exactly what your payments will be on offers you choose to make.
• You won't waste time considering homes you cannot afford.
• A Seller may choose to make concessions if they know that your financing is secured.  You are like a cash Buyer, and this may make your offer more competitive.
• You can select the best loan package without being under pressure.