Mortgage Pre-Approval Steps
Transcribed from the Michal Sluka / Michael Huber YouTube Video – see below for written, condensed version.
1) Reach out to a mortgage professional that you trust.
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Complete application
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Examine income, credit and down payment documents
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Discuss which lenders and products best suit your personal financing situation
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Submit application for rate hold / pre-approval
2) Pre-approval in hand
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Shop confidently in your identified price range
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Helps improve your negotiating position when making an offer to purchase. Seller sees that you are approved for financing and the deal should proceed forward with few problems.