Getting pre-approved before you start your home search will save you a lot of headaches down the road.
Looking to buy a Chicago home? Get a Full Home Search
Prospective buyers always ask me why they can’t look for a home before getting pre-approved.
I have some colleagues who show homes to buyers before they’re pre-approved, so you don’t technically have to get pre-approved before starting your home search, but I highly recommend you do so to determine your buying power.
Getting pre-approved relieves a lot of potential headaches down the road. Buyers who start their home search without getting pre-approved run the risk of finding the right home only to learn that they don’t qualify for it.
The pre-approval process starts with a lender checking your credit for any potential issues so they can be addressed right away. Then, they verify your income to find out exactly what you can qualify for and how much money you’ll need up front for your down payment.
A listing’s purchase price and property taxes are two more factors that play into your purchasing process. Here in Cook County, property taxes can swing dramatically from one town to the next.
If you have any more questions about pre-approvals or would like to get pre-approved so you can start your home search now, don’t hesitate to give us a call or send us an email. We’d be happy to help you.
I have some colleagues who show homes to buyers before they’re pre-approved, so you don’t technically have to get pre-approved before starting your home search, but I highly recommend you do so to determine your buying power.
Getting pre-approved relieves a lot of potential headaches down the road. Buyers who start their home search without getting pre-approved run the risk of finding the right home only to learn that they don’t qualify for it.
Getting pre-approved relieves a lot of potential headaches down the road.
A listing’s purchase price and property taxes are two more factors that play into your purchasing process. Here in Cook County, property taxes can swing dramatically from one town to the next.
If you have any more questions about pre-approvals or would like to get pre-approved so you can start your home search now, don’t hesitate to give us a call or send us an email. We’d be happy to help you.
