Don’t be embarrassed when your first meeting with a real estate agent slips quickly from a polite conversation to a serious Q&A.
While you may anticipate your realtor’s need for your name, address, and phone number, you must also be ready to answer the big question:
When you begin your search with pre-approved status, it means your mortgage company has confirmed your income, reviewed your credit, and verified a variety of other personal and financial details. Their assessment considers your ability to repay a loan and calculates your maximum mortgage potential.
While a pre-approval is not a commitment to finance you, it does say that you are a good candidate for buying a home. It sends an important message to everyone involved in the home-buying process.
Your real estate agent has your best interests in mind, so trust them when they ask you questions that might catch you off-guard. The more you cooperate, the more likely you’ll land your dream home.