Pre-Approval Makes All the Difference When Buying a Home

Keeping Current Matters

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Pre-approval gives you an advantage if you get into a multiple-offer scenario, and these days, it’s likely you will.

Buyers, Are You Ready? Get Pre-approved before you shop!

The Living Room

It has always been a good idea to get pre-approved for financing by your lender before you step foot into the housing market, but today it is even more important. Covid-19 safety guidelines require pre-approval before you go into a listing.

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Why Is It so Important to Be Pre-Approved in the Homebuying Process?

Keeping Current Matters

You may have heard that pre-approval is a great first step in the homebuying process. Pre-approval from a lender is the only way to do this. Pre-approval shows homeowners you’re a serious buyer.

Sierra Pacific’s Fast Track process gives brokers a more robust pre-approval, shortening cycle times

Housing Wire

This gives brokers a more robust pre-approval that can compete with cash offers, and subsequently, shorten the processing and underwriting cycle times by almost half. In today’s booming housing market, mortgage brokers want to be able to close loans faster and more efficiently.

Pre Approval vs Pre Qualified vs Underwritten Pre Approval: What’s It All Mean?

HomeLight

Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? The problem is, if they haven’t been preapproved, they’re “scrambling to get approved and can miss out on a home because it takes time.”.

Need Buyers Pre-Approved Quickly? Or Mortgage Loan Leads? We’ve Got You Covered!

RIS Media

The post Need Buyers Pre-Approved Quickly? Or Mortgage Loan Leads? We’ve Got You Covered! appeared first on RISMedia. Tip of the Day

4 Reasons You Should Get a Mortgage Pre-Approval

RIS Media

If you’re just starting out with the home-buying process, you may want to get a mortgage pre-approval. This is a statement from a lender that informs you of a certain amount you are qualified to borrow, as well as a specific pre-approved interest rate.

Top 5 mortgage terms to know before you buy a house

Housing Wire

Pre-approval. Real Estate Enthusiasts Appraisals earnest money Escrow fixed-rate mortgage mortgage process mortgage terms Pre-approvalThe mortgage application process can be a confusing one — especially if you’ve never gone through it before.

How To Get Pre-Approved For A Mortgage Loan

First Team Real Estate

If you’ve read any tips for homebuyers then chances are you’ve heard that you need to get pre-approved for a mortgage loan. The question is – how exactly do you get the pre-approval? What is a mortgage loan pre-approval? Pre-approval vs. Pre-qualification.

Mortgage Pre-approval: What It Is and Why It Matters

REX Real Estate

Do you know the first step you should take when you’re ready to buy… Buying a Home Getting Financing

The mortgage loan process explained in 9 steps: From pre-approval to closing day

The Mortgage Report

Your guide to the mortgage loan process. Learn what to expect before, during, and after you apply for a mortgage. About Mortgages Buying a home First-Time Home Buyers

The Power of Mortgage Pre-Approval [INFOGRAPHIC]

Keeping Current Matters

Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. The post The Power of Mortgage Pre-Approval [INFOGRAPHIC] appeared first on Keeping Current Matters.

Opendoor debuts cash-backed offers

Inman

Buyers will need to get pre-qualified with Opendoor Home Loans or another mortgage company. Then, Opendoor will pair the buyer with a real estate professional in their market.

The Inman Handbook on how to juggle multiple offers

Inman

With some agents seeing upward of 20 or more offers on their listings in today's market, the process can quickly become overwhelming for everyone involved. Here's how to sift through what's important to help sellers make the best decision.

Your Ultimate Guide to Buying a Home (in 13 Steps)

REX Real Estate

Looking for a home is an exciting journey whether you’re a first-time homebuyer or… Buying a Home REX Tips buyers agent first time home buyer mortgage rates pre-approval

How Long Does It Take to Buy a House?

Realtor.com

Step 1: Getting mortgage pre-approval. Step 1: Get pre-approved for a mortgage. Your first step shouldn’t be to check out homes; it should be to get mortgage pre-approval from a mortgage lender or broker. kali9 / Getty Images Table of contents: .

Finding the Best Mortgage Lender

REX Real Estate

Deciding to buy a home helps open a new chapter for you and your… Buying a Home Getting Financing Home Loans home loans lender mortgage mortgage rates pre-approval rex home loans

What You Need to Qualify for a Home Mortgage

REX Real Estate

Many… Buying a Home Getting Financing Home Loans apply for home loan down payment how do I qualify for a loan lender loan calculator mortgage mortgage payments pre-approval Real Estate rex home loans rex homes

How to get a mortgage preapproval in 3 steps

The Mortgage Report

You need a mortgage pre-approval before you can start house-hunting. Here's how to get your pre-approval letter in 3 simple steps. About Mortgages Buying a home First-Time Home Buyers

Three Ways to Win in a Bidding War

Keeping Current Matters

Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. A recent survey shows that only 52% of active homebuyers obtained a pre-approval letter before they began their home search.

5 tips for buying a home in a seller’s housing market

Housing Wire

Get pre-approved before beginning your home search. A mortgage pre-approval is non-negotiable in this environment. There’s no doubt we’re in a seller’s housing market.

Homebuyers, it’s time to go to war

Housing Wire

Get Pre-Approved. Being pre-approved means a lender has agreed to let you borrow money for the home. To get pre-approved, a lender will take a good look at your finances. These days, being financially stable enough to put an offer down on a home isn’t enough.

Realtor.com, Rocket Mortgage announce new partnership

Inman

Homebuyers using realtor.com interested in getting pre-approved through a mortgage will see advertising from Rocket Mortgage, which will allow that consumer to connect directly with the latter's online application.

Mortgage Preapproval vs Prequalification: What’s The Difference

Maximum Exposure Real Estate

How Pre-approval Differs From Pre-qualification Do you know how mortgage preapproval differs from a prequalification?

How to negotiate your home purchase offer

Housing Wire

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process.

5 tips for finding the right mortgage lender for you

Housing Wire

Getting approved for a loan is only part of the battle. But the truth is, when lender’s pre-approve homebuyers, they don’t always take into account monthly payments. That’s something you have to consider before applying and seeking mortgage pre-approval.

1 in 5 Homeowners Missing Mortgage Payments in 2020: How Should Agents Respond?

Real Trends

Real estate agents navigating the COVID-19 landscape have had to adapt their entire marketing model — eliminating or scaling back open houses, substituting video tours for in-person previews, and limiting home visits to buyers who are pre-approved for financing.

5 Tips for Making Your Best Offer

Keeping Current Matters

The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it : “This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer. ”.

How to Make a Winning Offer on a Home

Keeping Current Matters

The best way to know this is to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd.

Rocket Mortgage strikes big advertising deal with Realtor.com

Housing Wire

Effective Thursday, homebuyers on Realtor.com who say they wish to be pre-approved for a mortgage will see an advertisement from Rocket Mortgage that will allow them to receive pre-approval in as little as 20 minutes.

The Keys to a Quick Close: 6 Ways to Speed Up Your Client’s Closing

Realty Biz

Between organizing, verifying, and thoroughly checking documentation, accounts, and pre-approvals, agents can sidestep delays with ease. Advocate for pre-approval. Encouraging pre-approval can shave a few weeks off of closing, saving you are your client time and headaches.

Do You Have to Take Out a Mortgage From the Same Lender That Preapproved You?

RIS Media

Before you start looking for your next home, you should get pre-approved for a mortgage. You don’t necessarily have to borrow money to buy a home from the same lender that pre-approved you. What is Pre-approval and Why is It Important?

Ex-Zillow execs promise revolution in lending

Housing Wire

To provide that competitive edge, Tomo claims to issue mortgage pre-approvals within hours – not days – and cut closing times to 21 days (the industry average is 47 days). history, follows a pre-seed round of $40 million.

HomeLight secures $363M to reimagine real estate

Housing Wire

It also allows sellers access to a network of pre-approved buyers to expedite the process. Bay Area-based HomeLight , a proptech platform aimed at expediting and simplifying the real estate process, announced it has raised a combined total of $363 million in new funding.

How to Search for a Home in a Seller’s Market

RIS Media

Get Pre-Approved . Before you start shopping for a house, you should get pre-approved for a mortgage. Being pre-approved will demonstrate to a seller that you are in a good financial position, can afford a house and will be able to move forward quickly.