WHY you should get pre-approved TODAY for a 2023 purchase?

[Kenny Simpson]

Lots of first-time homebuyers, investors and trade-up buyers that might of missed out or decided to sit on the sidelines over the last few years real estate craziness with crazy demand and low rates. 2023 might be there year to pick up an investment property or possibly buy their first home. Getting pre-approved TODAY and not waiting for 2023 can be very important. If you are self-employed, are you showing enough income? Maybe you can pay yourself more W-2 by the end of the year or maybe NOT write off all those expenses you were planning on. Planning for next year is important and putting yourself in a place to win a house starts with getting pre-approved and making sure you are good to go. You still have weeks left in 2023 to make financing decisions that could impact you differently for 2023.

I work with lots of self-employed clients over the last 19 years that purchase real estate every year and we always look at DRAFT tax returns to make sure what they file will put them in a position to be financeable with the best terms and rates. Waiting until you are in escrow or not pre-paring ahead of time can be the difference of NOT qualifying or simply having to close on a higher rate loan because you had to turn more of a NON traditional mortgage. Even if you are planning on purchasing in 6 months, it never hurts to get pre-approved with an experienced lender, I promise you that you will NOT regret that decision and you will put yourself in a much more confident position when you are ready to buy your next property or your first home.