Many homebuyers are not aware that they may lose a portion of the total cost of their new home at closing due to the gap between a “good” loan offer and the best available. On average, there is a 1% lower interest rate loan that could result in 10% more purchasing power.
Difficulty Determining the Best Deal
With many lenders vying for Online Mortgage Pre Approvals for business, it’s challenging to determine which one will offer the lowest rate and fees among the thousands of options. Even expert real estate agents may only recommend an “average” lender.
Identifying the Lowest Rate and Fees
In less than three minutes and without a credit inquiry, an online mortgage pre-approval marketplace can identify the best mortgage loans with the lowest rates and fees from top lenders. This usually leads to a 1% lower interest rate loan, which translates to 10% more purchasing power, saving homebuyers thousands of dollars and streamlining the home-buying process.
Savings and Streamlined Process
Not only does this marketplace save you money, but it also simplifies and speeds up the entire process. It can be done from the comfort of your home, without multiple credit checks or lengthy phone calls. The marketplace partners with top-rated lenders and can close your loan application quickly, without sharing or selling your information.
Inadequacies of Real Estate Agent Referrals
While real estate agents may suggest their preferred lenders, they may not always provide the most favorable lending options. Searching for a mortgage on your own can be time-consuming and involve repeated tedious processes. Online mortgage pre-approval marketplaces simplify the home-buying process, offering a quick and efficient way to find the best options.
Unlock Your Full Buying Potential
An online mortgage pre-approval marketplace is the perfect tool for homebuyers looking to save time and money while making informed decisions. It simplifies and streamlines the home-buying process, helping you to save thousands of dollars and get the home you’ve always wanted. By using this marketplace, you can ensure that you never miss out on 10% of your wealth at closing again.