Showing posts with label reasons to get pre approved. Show all posts
Showing posts with label reasons to get pre approved. Show all posts

Saturday, December 24, 2022

Reasons to Get Pre-Approved Before You Start Your Home Search

Starting your home search is an exciting time! Our Lake of the Ozarks mortgage lender is here to make your home buying process a breeze. Getting pre-approved for a home loan should be your first step. Team Lasson is here to tell you why!

Determine Budget

A pre-approval provides you with an amount you can borrow. This can help you determine your mortgage budget, which will help guide your home search within that range. 


Advantage in Negotiations 

A buyer with a pre-approval from their mortgage lender is a much more appealing buyer than someone without. Sellers will likely lean toward your offer over other offers that do not have a pre-approval. This step gives you an advantage over other buyers. In this competitive real estate market, every advantage helps!


Realistic Search

There is nothing worse than falling in love with a home that you later find out you cannot afford. A pre-approval can help you avoid that heartbreak by knowing how much of a home you can afford before starting your home search!


Speeds Up Closing

When you find your dream home, you are likely going to want to act fast. Being pre-approved with your lender will speed along the home buying process and get you to the closing table faster. 

Set yourself up for a successful home purchase when you get pre-approved! Our mortgage lender in Lake Ozark, MO looks forward to helping you get pre-approved and off on the right foot in order to search for a home with confidence. If you are ready to get started with a mortgage pre-approval at Lake of the Ozarks, give us a call at (573) 746-7211 or visit our website at www.yourlakeloan.com!

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Michael Lasson
Senior Loan Officer
NMLS #: 493712

First State Bank Mortgage – Michael Lasson 
2751 Bagnell Dam Blvd Suite B 
Lake Ozark, MO 65049






**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.

Thursday, June 23, 2022

Perks of Getting Pre-Approved for Your Mortgage

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!


LIKE my Facebook PageFollow me on Twitter or Connect on LinkedIn



Michael Lasson
Senior Loan Officer
NMLS #: 493712

4655 B Osage Beach Parkway
Osage Beach, MO 65065






**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.