Why a Mortgage Pre-approval Can Make the Difference

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In today’s hot real estate market, there are more buyers than houses for sale. This is resulting in bidding wars with multiple offers above asking price. If you’re in the market to buy a home this year — or really any other time — a pre-approval from a reputable mortgage lender can make a huge difference and give you a competitive advantage.

Don’t just take our word for it. One of our associates shared that her buyers won out because of the pre-approval. “I recently had an offer get accepted on a very competitive property because the offer was so clean and because the Wisconsin Mortgage loan officer was listed as my buyers loan officer,” said Jenna Strauss, Shorewest, REALTOR® “The sellers’ agent had worked with the loan officer in the past and knows she does her homework on preapprovals and keeps transactions running very smoothly thru close.”

A mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, assets, employment and credit history, has determined how much you are qualified to borrow. Some lenders will give you a pre-qualification without a credit history, but a credit history is required for a strong pre-approval.

As a buyer, being pre-approved for a loan can also give you clarity and confidence as to how much home you can afford based on the loan you can secure.

If you’re in the market to buy a home, connect with a lender and get pre-approved. At Wisconsin Mortgage, we have 16 experienced loan officers and a team of underwriters and support staff ready to assist you. As a local, family-owned company, we provide local processing and in-house underwriting while funding our own loans.

Get your pre-approval today by going to https://www.wimort.com/apply-now/. It takes just minutes and can mean all the difference when searching for your dream home.

Categories: First Time Home Buyers, Home Buying, Mortgage, Real Estate Tips, Shorewest Tips

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