Step-by-step guide on pre-approval
Whether it is an approval for a credit card, a small loan or even a big loan for a buying our first property, there is nothing that feels as good.
It is with the goal to enable you be able to get approval for your credit that we seek to offer you a comprehensive step by step guidance on how you could be able to get the much needed pre-approval. One of the ways to make sure you’re your preferred lender approves the amount of money you need for your property is by ensuring that you have an impeccable debt loan ratio which is based on your credit history with other lenders.
Ensuring that you are sufficiently prepared becomes a very smart step towards getting your home as you will be able to purchase your home more efficiently in a smooth manner, as buyers with pre-approved home loans are normally considered more seriously home buyers as opposed to self-funding buyers, as there is already a commitment by your preferred lender to facilitate your property purchase.
Additionally, the ability to be able to score a pre-approval from your preferred lender accords you an increased negotiating power as one is considered almost a cash buyer as the money is already available.