Why Do I Need A Mortgage Pre-Approval/Qualification?

1. An important part of house hunting is knowing the financial constraints a mortgage lender will put on you and how that compares to your desired monthly housing budget.  Getting pre-approved will get you in the best shape to write a complete/attractive offer to be presented to home sellers.  On the flip side, if you are selling your home, the listing broker should be receiving and vetting the financial reference from the buyers' lender (or reviewing proof of funds if the offer is cash).

2.  Doing this before getting fully vested in viewing houses in person is a must so the correct price range is explored and no one is disappointed by the sale not going through due to financing.

3.  Count on Mike Stern's trusted and tested service providers for your financing, attorney and inspection needs.

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