The Importance of Getting Pre-Approved for a Mortgage: A First-Time Homebuyer's Guide

Are you tired of online mortgage calculators giving you random figures for your monthly mortgage payment? It's time to talk to a loan officer to get a more accurate estimate. Christina Cicero, a local loan officer, explains why pre-approval is crucial for first-time homebuyers in Hampton Roads, Virginia.

Pre-approval, unlike pre-qualification, is a more detailed evaluation of your financial situation. It involves a credit check, pay stub validation, and interest rate calculations to determine how much mortgage you can afford. Without pre-approval, you may start shopping for homes that are out of your budget, which can be a waste of time and resources.

So, first-time homebuyers, don't rely on online mortgage calculators or pre-qualifications. Talk to a loan officer and get pre-approved for a mortgage. This will not only give you a more accurate estimate of your monthly mortgage payment but also make you a stronger candidate when making an offer on a home.

In conclusion, pre-approval is an essential step in the home-buying process, and Christina and her team are here to help you every step of the way. Let's work together to make your dream of owning a home in Hampton Roads a reality!