Importance of Pre-Qualification

Do you know what is the Importance of getting Pre-qualification before looking for houses to buy? In this video, Larry shared the importance of getting pre-qualified first before you look for houses.

This is one of the most common mistakes of a house buyer especially for a First time home buyer. You want to check beautiful houses or maybe a house that can accommodate your whole family with all the amenities before buying, but this is wrong. You should always remember to get Pre-qualified first. This refers to an estimated credit to be given by a lender basing on what information you have provided to them. Once you have been pre-qualified, you can already check houses that is within the amount that you have been approved by the lender.

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