Your Buying Power

    Before you set out to find your new home, we recommend you get pre-approved for a home loan.  Besides allowing you to make a confident offer, a pre-approval can help you determine the maximum amount you are capable to offer.  Homes in the Atlanta market currently move fairly quickly, so it’s a good idea to contact a lender early in the process to complete your pre-approval.  This will give you a general idea of the type and amount of mortgage you qualify for, and will also save you time because you will already know the price range of homes you should be viewing.  Our preferred lenders will complete the pre-approval process without any fees or obligations from you.  You will be asked questions about your income and monthly debt obligations to that the lender can work up some figures to demonstrate your buying power.

    Having a lender’s pre-approval letter ready in hand before you even start your search can be valuable for several reason:

    • Your house-hunting process will be more efficient
    • You will know up front exactly how much you can spend
    • You will gain negotiating power when it comes time to make an offer
    • You can shop with the confidence that you will be able to obtain your mortgage loan
    • You can close on your dream home more quickly

    Obtaining lender approval in advance allows you to select the best loan package, without being under any pressure.  You won’t waste time considering homes you cannot afford and you will know in advance exactly what your monthly payments will be when you finally do go under contract on your Atlanta dream home.

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