
- 25 Melville Park Road Suite 200 Melville, NY 11747
- 877-781-7788
- 516-753-6160
- NMLS #1403
The U.S. mortgage market is red hot right now. After a year of pandemic living, more and more people are ready to have extra space at home. With all those potential buyers searching the market, housing inventory is ultra-low and competition is extreme. According to the National Association of Realtors, there were four offers per home sold on average in February 2021.
If you are hoping to buy a home in this climate, your first move should be to get a pre-approval letter from a mortgage lender. No buyer will take your offer seriously without accompanying proof of mortgage backing. Here are five questions to ask yourself before you apply for a pre-approval letter to make sure you are ready for the process:
If you're ready to purchase a home, please let us know. We can get you pre-approved for a mortgage so that you can begin your home search.
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