Introduction
Many homebuyers are not aware that they could potentially lose 10% of the total cost of their new home at closing due to the discrepancy between a “good” loan offer and the best one available. On average, there is a 1% lower interest rate loan without any extra points to buy down the rates, which could result in an additional 10% in purchasing power.
The Reason for Losing 10% on a Home Purchase
The main challenge in finding the ideal Online Mortgage Pre Approvals with the lowest rate and fees from thousands of options is the difficulty in determining which lender will offer the best deal. Even knowledgeable real estate agents may only point you to an “average” lender.
The Solution: An Online Mortgage Pre-Approval Marketplace
An online mortgage pre-approval marketplace can help resolve this issue. In less than three minutes and without a credit inquiry, this marketplace can identify the lowest rate and fee mortgage loans from the best lenders, all in one place. The result is usually a 1% lower interest rate loan that equates to 10% more purchasing power, saving homebuyers thousands of dollars and streamlining the entire home-buying process.
Benefits of an Online Mortgage Pre-Approval Marketplace
The online mortgage pre-approval marketplace offers not only savings in terms of price but also simplifies and expedites the entire process. The entire process can be done from the comfort of your home, with no need for multiple credit pulls or time-consuming phone calls. They have partnered with top-rated lenders and can close your loan application within the following month or even quicker, without selling or sharing your information.
Problems with Traditional Mortgage Shopping or Real Estate Agent Referrals
Real estate agents may suggest their favored lenders, but these institutions may not always provide the most favorable lending options. Searching for a mortgage on your own can be time-consuming and involve multiple loan applications and repeated tedious processes. Online mortgage pre-approval marketplaces simplify and streamline the home-buying process, offering a quick and efficient way of accessing the ideal options.
Conclusion
An online mortgage pre-approval marketplace is the perfect tool for homebuyers looking to save time and money while making informed decisions. This resource simplifies and streamlines the entire home-buying process, helping you to save thousands of dollars and get the home you’ve always wanted. By using an online mortgage pre-approval marketplace, you can ensure that you never lose 10% of your wealth at closing again.
