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A Crucial First Step: Mortgage Pre-Approval

September 26, 2022

The local office of Tabor Mortgage Group is here to help you make the first step of your home buying process and get pre-approved! A mortgage pre-approval is when a lender reviews your finances and determines how much you’re qualified to borrow. 

 

Factors that may impact your pre-approval: 

  • Income
  • Debt
  • Assets
  • Credit History
  • Employment 

 

Benefits of pre-approval

  • It gives you clarity when determining your home budget
  • Helps the seller know your offer is serious and legit
  • You can be more confident in your ability to secure a home loan

 

Every advantage you can gain as a buyer is crucial in a market that’s constantly changing. You’re going to need guidance to navigate these waters, so it’s important to have a team of professionals, such as a real estate advisor and lender on your side.

 

The truth is, getting a pre-approval letter from your local Charleston lender, Tabor Mortgage Group, is critical. Connect with a Tabor Mortgage loan officer today to learn more and start your home buying process!