In this fast paced Seller's Market in the DFW area, it is imperative that you are PRE-APPROVED before making an offer. Most all offers are accompanied by a Pre-Approval Letter and if yours is not then your
offer may be passed over for the seller to look at others who already have some financing in place. We do not want you to lose an opportunity to secure the house of your dreams because you did not have
this processcompleted before going out to look.
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 lender’s mercy, who is aware that you do not have time to shop around.
Pre-approval saves time spent looking at houses you can’t 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 escrow more quickly, since most of the work has already been done.
I look forward to working with you or those you know who are looking to buy a home now or in the near future! Sabrina