In today’s competitive real estate market it’s vital that you have an official pre-approval prior to going out and putting offers on homes. There’s a huge difference between a Sparrow Team official pre-approval and your bank’s or your credit union’s pre-qualification. And a pre-qualification is nothing more than you telling us how much you earn and me telling you how much you can go and spend on a house. 

What’s the main advantage of coming to Sparrow Team for an official pre-approval? We will know your employment history and your personal credit situation, and we will have already asked you all of the main underwriting questions that mortgage lenders care about before they approve a mortgage. We will have done all of the necessary work up front to arm you to be as successful as possible when you’re out into the real estate market. With pre-qualification, none of this information gathering has been done. That means there’s a huge risk that a possible deal could fall apart if your offer has been accepted before a bank or credit union has done their due diligence to make sure that you’re in a position to make that offer.

The biggest advantage to working with a Sparrow Team specialist for your official pre-approval is that you can shop with confidence. You can shop with the peace of mind knowing that all of the due diligence has been taken care of. You’re able to do this. You’re able to make an offer and buy a home without worrying that something’s going to fall apart later.