Home buyers need mortgage to close the deal. If you are planning to buy a home, consider getting preapproved for your mortgage before you start shopping for a home. Getting preapproved through ProFunding can give you a significant advantage while you’re shopping for a home. When you are pre-approved, you will have a commitment in advance from the lender to give you a certain amount of mortgage at specific interest rate. It also gives you a hands-down advantage in negotiating confidently with the seller.
With a preapproval, you get written confirmation of a maximum loan amount – so you know just how much you will be able to finance. This confirmation can help increase your bargaining power with the seller, since it’s like having “cash-in-hand.” And, once you find the perfect home, your transaction should close more quickly and easily.
Benefits of Pre-Approval
- Spend more time in seeing more houses.
- Give offer for home of dream confidently.
- More bargaining and negotiating power.
- Enjoy flexibility in closing.