Mortgage Pre Approval Santa Cruz
The number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. As you are aware, this has led to a competitive marketplace where buyers often need to stand out. You can get a mortgage pre approval in Santa Cruz today.
Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:
The 4 Cs that help determine the amount you will be qualified to borrow – Freddie Mac
- Capacity: Your current and future ability to make your payments
- Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
- Collateral: The home, or type of home, that you would like to purchase
- Credit: Your history of paying bills and other debts on time
Getting pre-approved is one of the key steps that will show home sellers that you are serious about buying, and it makes your offer more competitive.
Strock Bottom Line
The Stock Real Estate team will work with you and we can help connect you with the right lender to fit your needs. Let us help you get into the home of your dreams.