The excitement of finding your dream home makes it hard to resist the urge to start scrolling listings once you decide to buy. However, the first step in the home-buying process should be shopping for a mortgage lender and getting pre-approved. Here’s why:

• The pre-approval process is more in-depth than a pre-qualification and will determine if there are any unexpected issues, such as inaccuracies on your credit report.
• After pre-approval, the interest rate is locked in for a period of time, depending on the lender.
• Knowing your budget will save time as you prospect available houses and give you flexibility when making an offer.
• Having lender approval shows sellers that you are qualified and less likely to have to back out of the deal due to funding.
• If a property has more than one offer, having pre-approval will give you a competitive edge over those who do not.
• Once your offer has been accepted, the closing process can move faster, as the financing part has already been taken care of.

In areas where competition is fierce, getting pre-approved is essential for potential homebuyers. The security of knowing you have the backing of a lender to make an offer and purchase a home is worth its weight in gold. Start shopping for the best loan and interest rates and start house hunting!

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.