Whether you're buying a home at Lake of the Ozarks for the first time or you're a seasoned buyer, getting a mortgage pre-approval is the first step you should be taking in the home buying process. A pre-approval on a home loan at Lake of the Ozarks has many benefits and our Osage Beach, MO mortgage lender is here to show you why!
Get Ahead of the Game
The mortgage process can be lengthy. Having a pre-approval can help speed the process along once you enter into the steps between contract and closing on the property. This can also speed up the negotiation process as you'll be a more attractive buyer in the eyes of the seller.
Know Your Budget
A pre-approval is a fantastic way to see how much you can afford in a home. Your lender will give you an amount that you are approved to borrow on a property. This information is vital for you and your real estate agent in order to stay within the pre-approved budget when searching for a home.
Improve Power During Negotiations
When negotiating the price and terms of the purchase of a home, a pre-approval gives you more power than someone who is not pre-approved for a loan. You have a little more clout, and your offer may be taken more seriously with your pre-approval backing.
Establishes Trust
A pre-approval helps you appear to be a dedicated buyer to both your real estate agent and potential home sellers. Going through the pre-approval process shows that you've already invested the time needed to get approved for the loan, therefore you're a serious buyer on the market. You aren't just using your agent to look at homes for fun, you're looking to purchase.
If you're planning to buy in the near future, it's a good idea to get pre-approved for your loan before you start your home search. Team Lasson is here to help you every step of the way! Give us a call at (573) 746-7211 or visit our website at www.yourlakeloan.com!
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