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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The long asked question...when to buy? Is it better to buy or rent?It'
"“From the very beginning of our home search, Melody was helpful, responsive, knowledgeable, and accommodating. We live in Western Loudoun but Melody was happy to drive out here and take us house hunting multiple times. What impressed us the most was how on the ball she is – she responded so quickly to any questions we had, and if she didn’t know the answer or was unsure she took the time to go and research the subject in depth. For instance, we had questions about radon levels and the various water tests needed for well water. She was on the phone calling all kinds of companies and even government agencies to get us answers. She also wasn’t afraid to go to the sellers’ agents with any questions or concerns we had, no matter how small they might have been. She really was an advocate for us, and we knew that she wasn’t just out there trying to get us to buy a house and close the deal, she wanted us to find THE house, and get us the best deal. We had some requirements that really narrowed our pool of homes to choose from but we ended up finding our forever home, thanks to Melody. We had a few hiccups before closing but she was there every step of the way, in regular contact with the sellers agent, title company, mortgage lender, and even handled arranging all of the inspections for us. We would not hesitate to highly recommend her to anyone! ” "