According to realtor.com, only 52% of today’s active home shoppers are getting pre-approved for a mortgage, which means about half of buyers are missing out on this important step.
Getting pre-approved doesn’t just give you an idea of how much house you can afford, it also lets sellers know you’re a serious buyer.
With more houses receiving multiple offers, a pre-approval letter can be a key factor in a bidding war, and you don’t want to miss out.
DM us to learn more about why pre-approval with a lender is critical in today’s competitive market.
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