In this scorching hot sellers housing market, it’s important to know that a pre-approved mortgage does not automatically become an approved mortgage when you submit an Offer to Purchase.
In the past, buyers included a “conditional on financing” clause – but in today’s extremely competitive real estate environment, many (especially first-time home buyers) are opting to eliminate all conditions, leaving them at risk.
There are several important factors considered during the mortgage financing approval process. Do you know what they are? Read the article…
If you would like to learn more about mortgage financing, let me know! I’m here to help you achieve your goal of intelligent home ownership.
Family Magic
