As a realtor, I LOVE working with first time home buyers! They are sponges that soak in every single nugget of information that comes their way. I have the pleasure of seeing them grow from wide-eyed, eager house hunters to joyful, confident home owners when they are handed those keys. However, this is not an easy task. My job is to guide them from beginning to end so they feel they made the right choice in choosing me as their representative. Nonetheless, my first order of “business” is the most IMPORTANT piece in ensuring this process goes as smooth as possible – getting a pre-approval!!

The pre-approval, as opposed to a pre-qualification, signifies that the loan application has been taken through an extended process confirming a home buyer’s financial standing.

Here’s why pre-approved buyers are ahead in the home buying game:

1) If you make an offer on a home and then apply for a loan, you are at the lender’s mercy, who is aware that you do not have time to shop around.

2) A pre-approval saves time spent looking at houses you can’t afford.

3) A pre-approval letter from a lender gives you an edge when multiple offers have been made on a house.

4) Pre-approved buyers can generally close escrow more quickly, since most of the work has already been done.

Making the right decision can save you time AND money.

Personally, I work with various lenders that, through the years, have helped my clients tremendously.  There is great value in working with a team that can guide you through the home buying process.


Stephen Zondorak

Licensed Real Estate Broker

Astor Lane Realty