Whether you're a first time home buyer or you already own and you're purchasing a new home, you need to have a good idea of what you can afford before you start looking. When you Pre-Qualify Now, it removes some of the guesswork and can save you much time and trouble by ensuring you're looking for homes in the right price range.
Pre-qualification also strengthens your credibility as a buyer. When you're pre-qualified, you have more negotiating power with the seller and you may save thousands of dollars simply because you're in a better position to negotiate. For sellers, an offer from a pre-qualified buyer is to be preferred over an offer from someone who hasn't met with a lender and has little idea of what they can afford. Also, most often sellers are advised to accept only offers from buyers who have been pre-qualified.
Many real estate agents will not begin working with you unless you're first pre-qualified. By pre-qualifying, you demonstrate that you're a serious buyer and that you're able to secure financing. Best of all, pre-qualification is free of charge, and it doens't place you under any obligation whatsoever.