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MORTGAGE
PRE-APPROVALS

Real Estate Agent

GET AHEAD IN THE HOME BUYING GAME WITH A MORTGAGE PRE-APPROVAL 

A mortgage pre-approval is an essential step in the home buying process. It can help you save time, avoid disappointment, and position yourself as a strong buyer in a competitive market. 

Some Useful Information

A mortgage preapproval is a letter from a lender that indicates how much you can borrow for a mortgage based on your financial situation, credit history, and other factors. It's not a guarantee that you'll be approved for a mortgage, but it does provide a strong indication of how much you can afford to borrow.

 

Here are just a few of the benefits of getting a mortgage preapproval:

 

  1. You'll know your budget: With a pre-approval, you'll have a clear understanding of how much you can afford to borrow. This can help you focus your home search on properties that fit within your budget, saving you time and frustration.

  2. You'll be taken seriously as a buyer: When you submit an offer on a home, sellers want to know that you can actually afford to buy it. A pre-approval shows that you have already taken the steps necessary to secure financing and are a serious buyer.

  3. You'll have more negotiating power: If you're in a competitive real estate market, a preapproval can give you an edge over other buyers. Sellers are more likely to choose a buyer who has a pre-approval, as it shows that they are more likely to secure financing and close the deal.

  4. You'll have a better understanding of your monthly payments: With a preapproval, you'll have a clear idea of what your monthly mortgage payments will be based on the amount you're approved to borrow. This can help you budget and plan for your future expenses.

  5. You'll save time: Getting a pre-approval is a relatively quick and easy process that can save you time in the long run. You'll have all the necessary documentation and information ready when it's time to apply for a mortgage, which can speed up the underwriting process.

 

 

At Swivel, we're committed to helping our clients achieve their homeownership goals. Our team of mortgage experts can guide you through the preapproval process and help you secure financing for your dream home

Contact us today to get started!

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