When a Pre-Approval Is Not a Pre-Approval
As a good rule of thumb, it’s always in a prospective buyer’s best interest to get a pre-approval for a mortgage when making an offer on a new home, but it’s especially important in a tight, competitive market. Why? In essence, it gives sellers relative assurance that you’re financially capable of purchasing the property they’re selling—something that a verbal commitment just can’t do. Getting Continue Reading