Should YouGet Pre-Approved for a Home Loan with Capital Funding Mortgage?
The short answer is… Absolutely! For a number of reasons, a pre-approval is a very important first step toward buying a new home.
There are several advantages to getting pre-approved for a home loan:
- Save Time. Getting pre-approved for a mortgage lets you know exactly how much house you can afford. This will allow you to focus on only those homes that meet your criteria – and your budget.
- Increase Odds of Acceptance. Sellers are more likely to accept a pre-approved offer than one that isn’t. This is because a pre-approval assures the seller that your offer is legitimate.
- Close Faster. With a pre-approval, a lot of the “heavy lifting” is done in advance, which can speed up the entire closing process. This means you can be in your new home that much sooner!