Buying a House? Get Pre-approved.
The Benefits of Pre-approval
Pre-approval, as opposed to pre-qualification, signifies that the loan application has been taken through a rigorous procedure. Here’s why pre-approved buyers are ahead in the home buying game.
- If you make an offer on a home and then apply for a loan, you are at the lenders mercy, who is aware that you do not have time to shop around.
- Pre-approval saves time spent looking at houses you cannot afford.
- A pre-approval letter from a lender gives you an edge when multiple offers have been made on a house.
- Pre-approved buyers can generally close on their new home more quickly, since most of the work has already been done.
Visit us at www.merrimackmortgage.com/branch/camden or call us at 207-230-1275 for more information or to get pre-approved!