How To Get Preapproved To Purchase A Home

Getting PreApproved Before Purchasing A Home

Why would you want to get preapproved before purchasing a Home?

You have probably heard every real estate agent in the world talk about it so how can you do it?

More importantly, are there benefits to getting pre-approvedĀ before seeing a new home?

how to get pre approved to buy a home

Getting Pre-Approved Is a Good Estimate Of How Much You Can Afford

When you’re shopping for a new home in Bristol Connecticut, it is extremely important to know how much you can afford.

After all, you don’t want to get your hopes up on a new home to come to the conclusion that you can’t afford it.

So why is this important to a Bristol CT Real Estate agent? Well, it gives them a good understanding of what houses to show you. In essence, a real estate agent/broker will not show you houses that are out of your purchasing power.

It would be a waste of your time and the agent.

Why Pre-Approved Matters To The Bristol CT Real Estate Agent

Why does this matter to a real estate agent? Well, they need to know that you can actually buy a home.

As you can imagine they’re plenty of consumers who state that they can purchase a home but don’t have a sufficient credit vale to do so.

So when you’re buying a new home in Bristol CT, do your realtor a favor and check out all of the preapproval systems out there that won’t negatively affect your credit. You can also do the same for Commercial real estate, here are some tips from Ryan D. Smith (CEO of Tier 1 Real Estate) recommends:

  • Increase your credit score before applying
  • Know what your salary may entitle
  • Use a calculator of what you can afford
  • Work with a small mortgage broker who is more personable

Using these tips you should get approved in no time. If you need help, start by contacting us.

Bristol: 985 Farmington Ave, Bristol, CT 06010
Avon: 412 West Avon Rd, Avon, CT 06001
(860) 578-2016 | [email protected]

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