Here are several reasons why a CityWorth Pre-Approval is a smart choice.
1. Saves Time
You can streamline your home search because you won’t waste time looking at homes you can’t afford.
2. Motivates the Seller
You may find sellers who have received more than one offer. In this case, they will pay closer attention to offers that include lender pre-approval letters. A CityWorth Mortgage pre-approval letter tells them that you’re already working with a lender that’s willing to finance your purchase and that you can qualify. This can often be a major motivator for owners wanting to sell their homes.
3. Quicker Closings
Since CityWorth Mortgage has done some of the work in advance, including a credit check and confirmation of income to determine borrowing qualification, time is saved when you find the home you want to buy.
4. No Cost Surprises
Many homebuyers aren’t aware of additional costs that come with buying a home like title insurance, closing costs, homeowners insurance and escrow fees. During the pre-approval process, we look to make sure you have or will have the money necessary for closing. This may help when it comes to making decisions on buying a home that needs repairs, renovations, landscaping or other work.
5. Negotiation Advantages
Being pre-approved for a mortgage lets sellers know that you are serious about buying a home and demonstrates you qualify to purchase the seller’s home. This gives you the advantage of strength in negotiations since you’re already pre-approved and may allow you to offer a lower price than what a property is listed for on the market.
6. Use a CityWorth Properties Realtor
If you are looking to purchase your home in Virginia, North Carolina, or Maryland, you can make your home buying experience easier by using a Realtor from CityWorth Properties. Your CityWorth Properties Realtor and Mortgage Banker will work together to insure that your offer is one that you can actually afford and that the process will go smoothly!