Get pre-approved before you fall in love with a home.
If you plan to finance your purchase, a current mortgage preapproval is one of the most important first steps in your home search. It helps us understand your price range, prepares you to move quickly when the right home appears, and gives you a clearer picture of what your purchase may look like financially.
Know where you stand before we schedule showings.
For most financed buyers, I recommend completing the preapproval process before we begin touring homes. It is not simply paperwork for later in the transaction—it helps shape the search from the beginning.
Set a realistic range
A lender can help you understand a comfortable purchase price, estimated payment, down-payment options, and the loan programs that may be available to you.
Be ready to act
When you find the right home, having your financing preparation completed can keep the process moving instead of losing valuable time while you begin a loan application.
Write a stronger offer
Sellers commonly want evidence that a financed buyer has spoken with a lender and has been pre-approved before they seriously consider an offer.
The goal is simple: when we walk into the right home, you should already know that you are prepared to pursue it.
A short conversation with a lender can answer a lot of questions.
A mortgage professional can review your financial picture, discuss available financing options, explain what documentation may be needed, and help you understand the difference between the maximum amount you may qualify for and the monthly payment you are actually comfortable carrying.
You are always free to speak with more than one lender, compare programs and costs, and choose the mortgage provider that you believe is the best fit for you.
- Discuss your expected purchase price and monthly-payment goals.
- Review down-payment and loan-program options.
- Understand estimated closing costs and funds needed for the purchase.
- Obtain a current preapproval letter before submitting an offer.
Billy Horn
Owner & Mortgage Consultant
Savage Mortgage Services, Ltd.
If you don’t already have a lender, Billy is a locally trusted mortgage professional you may choose to contact. Billy has been originating residential mortgages since 1995. His ethical and professional approach benefits everyone from first-time home buyers to self-employed borrowers. Savage Mortgage has relationships with major national, regional, and local lenders positioning Billy to offer a broad range of conventional, government, and portfolio products through multiple lenders.
Savage Mortgage Services is a local mortgage broker offering a range of financing programs, including conventional, FHA, VA, USDA, jumbo, and portfolio mortgage options.
Paying cash?
If you are purchasing without financing, a mortgage preapproval is not necessary. Instead, a seller may request reasonable evidence that sufficient funds are available to complete the purchase before accepting a cash offer.
Already pre-approved?
Great. Send me your current preapproval letter and we can talk through your search criteria, timing, preferred communities, and the homes you would like to see.