Planning to Look for a House? Get a Mortgage Pre-Approval First

Before you start house hunting, get pre-approved for a mortgage.

Pre-approval will help you figure out your price range, show real estate agents that you’re a serious buyer and give a seller confidence in your offer.

A lender will review your income, assets, debts and credit to decide whether to pre-approve you. This is a more rigorous process than pre-qualification.

You don’t have to get a mortgage from the lender that pre-approves you if another company offers you a better interest rate.

Before you seek pre-approval, get copies of your credit reports and check them for errors or problems.

Make sure your finances are in order before you apply for pre-approval.

Get Preapproved Here with Trident Mortgage

When you have a pre-approval we can refine your search based on the amount that you are willing to pay on your mortgage per month. It is better to understand what you can afford when purchasing a home than to get under contract on a home that you may not be able to afford. Which causes frustration with all parties and could be a costly and timely en devour with inspection costs and your deposit being held up in escrow.

Published by Victoria Mack

A Delaware County native Victoria has lived in the Philadelphia area most of her life. A graduate of Springfield High School in 2004 Victoria then left to attend college at Indiana University of Pennsylvania where she studied Business. In 2007, Victoria then moved back to the Philadelphia area to continue studying Business at Saint Joseph's University and graduated in 2010. Victoria started her career as a paralegal at McKee Law Office a business law firm where she got her taste of Real Estate by helping clients save their homes through foreclosure sheriff sales, she also helped with drafting deeds through both traditional transfer or through quick claim. From that experience Victoria decided to get her PA real estate license in 2013. With the belief that real estate is a full time business Victoria works real estate full time and her other job is being a proud wife and mother of 3 boys: Kevin II Sebastian and Reign. With her love of real estate Victoria successfully works with both buyers and sellers to help make their real estate dreams come through from working with first time home buyers to the seller who is ready to start the next chapter of their life or even the investor who wants to add to their portfolio, Victoria works diligently and thoroughly to a successful and smooth transaction for her clients.

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