"How do I know what price range to look in," and "how do I make sure my offer is accepted?"
These are two of the most commonly asked questions from first-time and experienced homebuyers alike. One of the best places to start is by getting home loan pre-approval by a lender upfront in the process. Not only does home loan pre-approval give you peace of mind knowing your price range is already pre-approved by the lender, but home loan pre-approval strengthens your position at the negotiating table, especially in a multiple offer situation.
Some lenders offer both home loan pre-qualifications and home loan pre-approvals. Here’s the difference: