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The Power of Mortgage Pre-Approval

The Power of Mortgage Pre-Approval [INFOGRAPHIC] | MyKCM

Sellers and realtors love buyers with a mortgage pre-approval letter. This shows them that you’re a serious, qualified buyer who has the financial backing of a lender and that you mean business. After all, unless you’re paying cash, it’s hard to make an offer if you don’t know whether you qualify for a loan.

  • Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, and determined how much you’re qualified to borrow.
  • Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and a competitive edge in a bidding war.
  • In today’s market, connecting with a lender to get pre-approved may be the game-changer that helps you secure your dream home.

Kimmer Plunk, ABR, RENE, MMDC, AHWD

RE/MAX Experts Affiliate Broker

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