Why Get Pre-Approved?

The first thing you need to do is get pre‐approved.

This is different from pre-qualifying, as it is a full loan approval instead of simply an opinion letter. It is best if you take this step before looking at homes. Finding out what you qualify for will help you look in the right price range. You would be disappointed if you found a home you liked and then found out that you couldn’t qualify for it. By the same token you may be able to look at more expensive homes than you originally thought possible. Getting pre-approved will help you in the following ways:

Determines how much home you can afford

Talking with one of our preferred lenders can help you determine your purchasing power. This gives you a guideline as to how much home you can afford – before you start looking. We will show you a variety of different types of financing (30 year fixed, buy down loans, adjustable and special first-time home buyer programs, etc…), and will determine how much you qualify for with each of those types. Based on your desired payment level and type of financing you with which you feel comfortable, we can determine your purchasing power.

Let’s you know what your monthly payments will be

You need to choose a home based on how much money you have available. Based on the funds you have available; we will design a loan that will work for your individual situation.

Will let you know what your monthly payment will be

Before picking a price range, you should make sure that you can handle your total monthly payment:
Principle, Interest, Taxes, Insurance (and Mortgage Insurance, if necessary).

Helps you compete with cash buyers

In today’s market, buyers are not the only parties concerned about financing. Sellers are equally concerned. In cases where there are multiple offers for homes, the buyers must put themselves in the best possible position to have their offer accepted. Getting pre-approved also puts buyers into a better negotiating position, as the seller knows the buyer is ready, willing and able to buy and the financing is not a question. 


We are here to help YOU achieve YOUR goals and finding the right home for YOU.

Dafna and Tina,
Team Mizrahi

Contact us today! (650) 949-8173 / Agents@TeamMizrahi.com

Dafna Mizrahi & Tina Kyriakis
REALTOR, ePro, Seniors R.E. Specialist, Probate Specialist

DRE#: 01384482, 00605924
Coldwell Banker Residential Brokerage
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