1. Pre-approval carries more weight when you go to negotiate a deal, especially when there are multiple offers.
2. Pre-approval will give you information on the amount you qualify to borrow, interest rate terms and the type of loan you qualify for.
I have developed some great contacts in the finance industry so if you'd like to obtain some lender information please feel free to contact me. I always recommend that you speak with 2 or 3 different lenders to make sure you are getting the best rates, terms, etc…
Here are some recent articles about loans options and changes, check them out!
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February 2017 Loudoun County Market Trends Report: Homes Selling Faste
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