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Reta Sponsky


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Tel: (240) 646-0648    Fax: (240) 646-0649    Email Me

Get Pre-Approved

If you would like more information about mortgage pre-approval Contact Us and we will be happy to help you. If you would like to buy or sell a home or property visit our Buyers Page or Sellers Page.

Get Pre-Approved

Most mortgage lenders take the guess work out of applying for a loan by figuring out for you the amount you can afford to borrow. Then, they give you a printed document stating the maximum mortgage amount you qualify for based on your particular finances and income. Mortgage pre-approval establishes your price range and strengthens your buying position by letting the Seller know that you have already been approved for the loan. It can also ease time constraints once the purchase agreement in signed between Buyer and Seller.

 

Consider these Scenarios:

You're out looking at homes. Your Real Estate Broker never mentions that you should get pre-approved and just ballparks what you can afford. Of course, the more house he shows you, the better he usually comes out. You find the perfect house and work out a deal with the Seller. Three weeks later, the lender informs you that the house is $10,000 over what you qualify for and does not approve your loan. The Seller has already bought another house. You've given notice where you're renting and told all your friends about the great house you bought. And then, there's the money you've already spent on inspections on a house you can't own.

You and your REALTOR® have been working diligently finding that "perfect" home. A new listing comes on the market that's priced right and has got everything you've been looking for. You write an offer. Your REALTOR® takes it to the listing REALTOR® and is informed that another offer is coming in and will have to present both offers simultaneously to the Seller. The other Buyer is pre-approved for his loan. Whose offer do you think the Seller will negotiate first?

Should You Get Pre-Approved for a Loan First? Most Definitely!

For more information on getting pre-approved let me know.

Reta Sponsky

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Reta Sponsky Your Full Service REALTORS®

As life-time residents of Maryland and full-time, full-service realtors since 1989, we use our knowledge to advocate for you! Our goal is to provide our clients personal and professional service. You make all the decisions and we act aggressively on your behalf. For sellers, we offer high-tech marketing, virtual tours, concierge services and more. For buyers, we offer full buyer representation, financing, new construction and more.

Client Testimonials

“The Sponsky Team makes even the most complicated transaction seem as if it is an easy process. They show the highest level of professionalism and integrity no matter what they do. I felt as if they were partners with me every step of the way and that no detail was too small for them to handle...[Read More]