Get an Advantage When Buying a Home with Mortgage Pre-Approval in Rocklin or Lincoln, CA
In a competitive real estate market, make use of every advantage you can. One of the best ways to ensure you can beat out your competitors by getting approved for financing. This post explains why you need mortgage pre-approval in Rocklin or Lincoln, CA.
When a home seller is faced with deciding between several offers, they need a reason to choose you. Sellers need to have a determining factor to help make the choice easy. That deciding factor can be mortgage pre-approval. If buyers look similar otherwise, being pre-approved for the mortgage can give you and edge.
Mortgage pre-approval basically tells home sellers that you have financing for the home lined up. They’ll be confident you’re ready to close without long delays. Other home buyers who have not been pre-approved will have to wait for their financing. This approval can drag the whole thing out much longer. Home sellers looking to sell fast do not want any delays, so mortgage pre-approval is always a welcome factor.
At Your Home Sold Guaranteed Realty Legends, we’ll help you get everything in order. Our realtors understand how important it is for home buyers to have every possible advantage during the home buying process. That is why we are happy to help you get the mortgage pre-approval that you need. Give us a call at 916-943-7771 to learn more about getting pre-approved for your next home.
Mortgage Pre-Approval in Rocklin or Lincoln, CA Can Help You Close Fast
Imagine this: you and another home buyer are both vying for the same property, and the home seller needs to make a choice between your offers. That home seller is going to compare and contrast each offer and the circumstances of the sale. When everything else is equal, the reason that a home seller may accept your offer over your competitor’s offer can be mortgage pre-approval in Rocklin or Lincoln, CA.
If you have obtained mortgage pre-approval, you will have the upper hand during negotiations with the home seller. Pre-approval shows the home seller you’re serious and will provide them with an easier sale than a home buyer who has not gotten pre-approved. This helps to ensure that your offer is the one that will be accepted.
Mortgage Pre-approval Explained
With mortgage pre-approval in Rocklin or Lincoln, CA, the home seller is able to make an easier decision when faced with multiple offers from various home buyers. So, how does the pre-approval process work?
Getting mortgage pre-approval in Rocklin or Lincoln, CA means that you have already worked with a financial institution and shown them that you have the resources to actually buy a home. After meeting with the financial institution, you will receive a Certificate of Financing Approval. Given the choice between a home buyer with this Certificate or one whose offer is Conditional on Financing, the home seller will almost certainly choose the pre-approved home buyer because the offer can be accepted immediately rather than waiting for the financing to come through.
As a home buyer, there are advantages for you when it comes to mortgage pre-approval as well. Because you began the process early, you will have a clear understanding of your interest rate and closing costs. You will also not have to worry about time constraints that could force you to pay more than expected.
Our Realtors Will Help You Get Pre-Approved
As you will find out, getting mortgage pre-approval is easy. All you need to do to get started is to complete the form below with the requested information. At Your Home Sold Guaranteed Realty Legends, we have a system that will forward your information to a certified mortgage professional who can assist you in locating the absolute best mortgage rate and lowest closing costs possible.
If you have questions or would like even more information on mortgage pre-approval in Rocklin or Lincoln, CA, our team of expert realtors is happy to discuss this with you even further. Just give us a call at 916-943-7771 or contact us here.
We look forward to talking with you about mortgage pre-approval in Rocklin or Lincoln, CA and helping you find the ideal home for you and your family!