Real estate experts recommend pre-approved mortgages for buyers to gain an advantage in competitive markets. Pre-approval is more reliable than pre-qualification, as it involves verified information on the buyer’s employment, credit history, and cash. Buyers benefit from a specific amount of approved financing, saving time and avoiding homes outside of their price range. Shopping around […]

Real estate experts recommend pre-approved mortgages for home buyers, as it can give them an advantage in competitive markets. Pre-approval is more reliable than pre-qualification, as it involves verified information. It helps buyers focus their search and avoid homes out of their price range. Buyers should request pre-approval before house hunting, and shop around for […]