Looking to Buy? Let’s get Pre-Qualified!
If you’re thinking about buying a home and you’re not paying all cash, getting pre-qualified for a mortgage is one of the smartest first steps you can take. Not only does it give you clarity on what you can afford—it also positions you as a serious buyer in the eyes of sellers and agents.
Here’s what you need to know about getting pre-qualified, and why it should be at the top of your to-do list:
1. What Does It Mean to Get Pre-Qualified?
Pre-qualification is a quick and easy process where a lender gives you an estimate of how much home you can afford based on basic financial information. It doesn’t involve pulling your credit (in most cases) or verifying documents yet—but it’s a helpful starting point.
2. Why It’s Important
In a competitive market like Las Vegas, pre-qualified buyers have an edge. Sellers are more likely to accept offers from buyers who’ve taken this step because it shows you’re serious—and likely to follow through.
3. What You’ll Need to Provide
To get pre-qualified, lenders usually ask for:
- Your income
- Your monthly debts
- Estimated credit score
- Employment history
- Down payment estimate
It only takes a few minutes and can often be done online or over the phone.
4. Pre-Qualification vs. Pre-Approval
While pre-qualification is a quick estimate, pre-approval is more official. It requires verification of your income, credit, and financial documents. Many agents (including myself) recommend pre-approval when you’re ready to make offers.
5. What Happens Next?
Once you’re pre-qualified, you’ll have a price range to work with—and I can help you find homes that match your budget and goals. You’ll also be able to move quickly when you find the right one.
Bottom Line:
Getting pre-qualified is free, fast, and incredibly helpful. If you’re even thinking about buying, it’s the first smart move to make.
Need a great lender recommendation or want to start the pre-qualification process? Reach out and I’ll connect you with trusted local pros.
Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.
Franklin D. Roosevelt
