The essential step in buying your first or next home is securing the proper financing. Without that, all the hard work you put into finding the perfect home can go down the drain.

At Financial Partners, we encourage all our customers to get preaproved as the first step in the homebuying process. Being preapproved has many advantages, but most of all, it allows you as the homebuyer the peace of mind knowing that one of the most difficult tasks is behind you and allows you to focus exclusively on the home of your dreams.

Here’s how being preapproved can help:

You know your exact price range
When you are preapproved you know exactly how much financing you can afford and therefore can be a much more exclusive home shopper. You will never have to worry if you can afford a home as your price range is already established.

You address credit issues beforehand
One major stumbling block with homebuyers is that they find the home of their dreams and then apply for financing, only to find problems with their credit. This can jeopardize your ability to secure your home as delays may force the seller to accept another family’s offer. If you are preapproved, that means any obstacle is already dealt with and you can shop with confidence for your new home.

Want to learn more?

You reap the benefits of a preferred buyer
Sellers are anxious to complete the process and often give preferential treatment to those buyers who are preapproved. Being preapproved is very attractive to a seller and they may take an offer from a person who has already secured financing over one who doesn’t.

You lock in your interest rate
Lock-in periods vary, but you may want to lock in a low rate if you feel the rates are going to rise in the near future. Locking in the lower rate may save you thousands of dollars during the life of the mortgage.

You are ready to buy a home
Being preapproved is the ultimate first-step in buying your home. With less headaches and the toughest task behind you, you can focus all your attention to finding the home that best fits your needs.

Financial Partners wants to help you find the home of your dreams. The best way to do that is to be a preapproved buyer. You can apply online for preapproval and shorten the process even more. Click here to apply online and start on the road to your new home.