The Importance of Preapproval

July 15, 2021
The preapproval process can be a difference maker when making offers in a highly competitive housing market. As a result, it’s essential to have your finances squared away before you’re ready to make offers. Remember, despite ever-increasing competition, only one contestant can win the beauty contest. Here’s how to make sure your credit is ready for its close up. 1. Prepare to be scrutinized. Lenders look at different criteria than other institutions. We’re not like Credit Karma or a car dealership. We use the strictest formula. We use a ...

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