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When you find your dream home, time is of the essence. It can take up to two business days to get pre-approved. By that time your dream home could be gone. Although you can make your offer conditional upon getting pre-approval; your offer will not be taken as seriously as other offer's. This can mean losing out on the perfect home when there are other offers because you didn't take the time up front to get pre-approved.
If you have not already been pre-approved to purchase a home, click here and we can link you to our trusted lenders.
Obtaining your pre-approval from a mortgage broker will save you time and money. Once pre-qualified you will know exactly what homes you can afford helping you to narrow your search. Plus, once pre-approved you are are guaranteed the current interest rate for up to 90 days (depending on the lender). This is very beneficial because you are guaranteed the current interest rate even if interest rates increase. You're probubaly wondering, "but what if the rates decrease?" No need to worry, you can still qualify for the lower interest rate if the rates drop before you buy your home.