Stefanie Schrekenhofer-Dace

You expect results and we deliver!

  • Home
  • Featured
    • Single-Family Residential
    • Land/Lots/Farms
  • Search
    • Search All
    • Conway
  • Blog
  • Contact
  • Sign In
    • Sign In
      (Lost Password?)

      Don't have an account yet? Sign Up

      Create Account Signup

      Already have an account? Log In

      Reset My Password

      Complete the form below to receive an email with the Login and Password.

      Already have an account? Log In

  • Home

The Advantages Of Pre-Approval

The decision to purchase a home can be an exciting but sometimes confusing undertaking.  When beginning your search for the perfect home, there are a number of factors that you will want to consider.  Whether you are a first time buyer or already own a home and want to move up, getting pre-approval for your mortgage is a necessary and time saving step.  Here are some of the benefits of getting pre-approved!

Know Your Budget!

Getting pre-approved means that you will have a clear picture of the credit you have available to you to purchase your new home, as well as your price range.  This will prevent you from spending time looking at homes that may be out of your budget and perhaps getting attached to a home that you cannot afford.  It means that if you find the home that is right for you, it can more easily become yours!

Close Quickly

Getting pre-approved for your mortgage means that you can act more quickly once you find the home that is right for you.  The process of getting the mortgage approved is generally the longest and most complicated process in any home purchase.  It requires verification of your income and employment, an evaluation of your credit reports, and the completion of a loan application. Having this step completed can save weeks of time in the closing process.  Pre-approval also means that you have an advantage should a bidding war begin.  The seller can be confident that you can afford the bid you are making and that you can move quickly to finalize the sale.

Overall, there are a number of benefits to getting pre-approval for your mortgage before beginning the search for your new home. Most importantly, it can give you peace of mind in knowing that you are ready and able to make the commitment to homeownership, and that you are not wasting your time in looking at properties that you may not be able to afford.

Get in Touch

Testimonials

Dear Stefanie,

Hi. Well the dust is starting to settle and we’re still unpacking, but we had...

Continue Reading


Dear Stefanie,

Thanks so much for all your help on my home - hunt. You were very receptive to my n...

Continue Reading


Dear Stefanie,

I want to formally thank-you for helping market my client’s property in Conwa...

Continue Reading


Blog

September 11, 2018

Family Three-Day Home Emergency Kit


September 04, 2018

Valentine’s Day Crafts For Kids


August 28, 2018

Understanding Interest Rates


Stefanie Schrekenhofer-Dace

950 Hogan Lane
Suite 4
Conway, AR 72034

Phone: (501) 428-3120

Stefanie@conwaycorp.net


Facebook twitter Favorites google
Facebook

Studio 11 Productions

Designed & Developed by Studio 11 Productions design copyright © 1997 - 2025

  • Powered by
  • Responsive Real Estate
(501) 428-3120
Directions