Spring is in the air! Time for a mortgage preapproval.Okay, so we still have to get through February – but, believe it or not, the spring housing market is just around the corner. If you were thinking about starting your house hunt in a month’s time, why not get your ducks lined up now and get a mortgage preapproval? There are plenty of benefits to thinking a little ahead and getting a preapproval now, rather than later. For starters, fixed rates are still extremely low – you can likely find a five-year fixed rate for around 3.25%. By getting preapproved today, you can “lock in” – or attain a “rate guarantee” – for the next 120 days. If rates drop again, you’re guaranteed the lower rate. Another benefit to a preapproval is that it saves you a ton of headaches down the road. Not only does it help you determine what your budget is, but if you do find that dream house, you can comfortably and quickly put an offer down. If you’d like to learn more about the preapproval process, give us a call – or fill out our online form here.    |
