Sellers and Realtors know you are a serious buyer if you are Pre-Qualified for a Mortgage

Let them know you are a serious buyer.  Get your Pre-Qualification for the mortgage.

Did you know that May through August are the hottest selling months in real estate? Whether you’re planning on purchasing a new home this summer, or just thinking about the future, it’s important to be prepared. Learn more about the benefits of a mortgage pre-qualification.

Stay competitive.

According to the Houston Association of REALTORS®, single-family home sales jumped 24.4% in March 2021! 2020 was a record-setting year for home sales, and it’s not slowing down anytime soon. In fact, there has been a 16.9% increase over last year!

In today’s hot market, show you are ready to buy with a pre-qualification letter. Many homebuyers are making cash offers or offering significantly more than the list price—often within days of the listing appearing on the market. Having that pre-qualification letter in hand shows realtors and sellers that you’re a serious, qualified buyer—which is a huge advantage when making an offer on a home, and helps remove any potential delays.

It helps you plan and budget for the future.

Perhaps, the most solid piece of financial advice is “never buy more than you can afford”—this also applies to purchasing a home! Your personalized pre-qualification allows you to see exactly how much you can expect to afford when it comes to buying a home. Over 60% of millennial homebuyers regret purchasing their current home because they were not financially ready for the additional, unexpected costs—such as maintenance and repairs. A good rule of thumb is to spend no more than 30% of your gross monthly income on your mortgage payments.

Top tip: Do not make any significant financial adjustments or apply for new credit during the process!

Build a relationship with your Mortgage Professional

A mortgage broker is here to help guide you through the home buying process, from pre-qualification through closing, and beyond. During the pre-qualification stage, you can begin to develop a relationship with your broker. We’ll get to know you and your financial situation, so we can provide you with the best service and advice. One look at our testimonials page should tell you everything you need to know about the personalized relationship we build with our clients!

At Top Mortgage LLC, we provide most mortgage pre-qualifications in as little as 24 hours. Reach out and get in touch to take the first step in your home buying journey today!

Find out more about Top Mortgage, LLC here:

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