Team Gatlin is here to remind you the importance of having a preapproval letter.
So. You're finally ready to look for your dream home. Could be that you need extra space due to a growing family. Perhaps a bigger income is allowing a bit of an upgrade on your space? Whatever the reason, Team Gatlin wants to impart a very important tidbit when it comes to the real estate world.
Before you pick up the phone to call your favorite realtor talk to your lender. Don't have one? No problem, your realtor will have a few in their pocket they can recommend. Your lender will go above and beyond to help facilitate what is called your "preapproval". In a nutshell, being preapproved will give you the much needed green light to begin the process of buying your home. The lender will basically say "we believe you can afford this amount and we'll back it for you." Then off you go to begin the house hunting.
Team Gatlin Agent, Susan Allen, states "Having a preapproval letter is a major key! Imagine finding a home you love and you aren't approved for a loan yet. During the time it takes you to go get qualified anyone else can swoop in and grab YOUR home! Having this letter in hand means you truly get first dibs on the home of your choice."
If you are looking into home searching soon and need advice on a hard working lender, give one of our Team Gatlin agents a call today! We can help you get connected with the right fit for you and get your path started. No time like the present to find that dream home!
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