Five Reasons to Get Pre-Approved for a Home Loan

Source: Housing Predictor | Post Date March 26, 2012 | reported by Ryan Jackson

 

Real estate agents push their clients to get prequalified for a home loan all the time and in today's tough economy and tight credit market if you are seriously  considering the purchase of a home you should follow your agent's advice, since getting preapproved for a home mortgage can save you lots of headaches in the future.

The preapproval process takes just a little more work than being prequalified for a home mortgage, and takes the risk out of being denied for a home loan after you find the home you want to buy. Being preapproved for a mortgage is also a great tool to use to your advantage when it comes to negotiating the price on a home.

 

To read the five reasons why buyers should get pre-approved and this full article, please click here.