Getting pre-approved for a loan before you go home shopping is one of the best tips The Monaghan Group can give you. Our years of experience in helping buyers find their first home has shown us that this time tested wisdom still holds true. Get pre-approved. Period.
Why should you get pre-approved? Well, for starters, many buyers determine their budget for a new home. But, that doesn’t necessarily mean that you’ll qualify for that much. Until you’re actually approved, you don’t know what your real budget will be. You wouldn’t want to find that house you’ve been searching for, only to find out, after weeks of searching, that you don’t qualify for a large enough loan.

Additionally, many sellers in today’s market simply won’t accept offers from buyers who can’t produce a letter of pre-approval. It’s stiff competition out there. If you’re serious about getting a home, put in the effort upfront to get pre-approved. You’ll be thankful later that you did.

Don’t forget, once your offer is accepted, your life is about to change! There will be a lot to plan for, and plenty of work to do. You can simplify the process by getting pre-approved before your home search begins. Not to mention, getting pre-approved doesn’t mean you’re locked in. You can get pre-approved now, and shop rates later.

Speaking of getting approved and rates, The Monaghan Group has years of experience getting buyers qualified. Our long history of building relationships in the industry means that we can help get you set up with the perfect lender for you. When you work with us, you’re not just getting a real estate agent. You’re getting a trusted advisor to help guide you through the process with your best interest in mind.