A mortgage pre-approval is a quick process that lets borrowers know how much they are qualified to borrow in a loan. It’s setting up the budget for house shopping. It also lets borrowers make a legitimate offer on a house as soon as they want to.
Getting pre-approved for your mortgage is the most important step that home buyers will take in a crowded market. No other step prepares you as much for the purchase, and nothing else puts shoppers ahead of the game like a mortgage pre-approval.
Making an offer on a house without a mortgage pre-approval is an empty gesture and can cost home shoppers opportunities at buying the home of their dreams.
If another buyer already has a mortgage pre-approval, they will have the upper hand on any bid that you put in and will be favored by the seller.
With a mortgage market expected to be one of the tightest in ages, home buyers need every advantage that they can get to own their home. With COVID-19 ravaging areas where people are living closely together, it’s about time for renters to buy a home and get away from their neighbors.
With so many buyers and so few sellers, the market will be packed. Open houses, when you can go to them, will be crowded with other buyers. A Tennessee mortgage pre-approval for a home purchase will last a borrower for 30 to 60 days depending on their circumstances, so borrowers can be assured that they will be able to shop in the future with confidence.
Buying a home is the American dream. It’s time for everyone to start building wealth and own a home, and the best way to get started is with a mortgage pre-approval.
Don’t let this opportunity to buy a home at the lowest interest rates in history pass by, apply online for the five-minute loan approval today and get pre-approved the same day you apply.
Call The Home Loan Expert Team at 800-991-6494. You can always apply online at hero.loan for your VA Loan, and www.thehomeloanexpert.com for your other mortgage needs, and we’re also open on Saturdays and will come to you to help close your loan. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?
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