REAL ESTATE BROKERAGE

Step 1: Secure Mortgage Pre-Approval

Why It's Crucial

Getting pre-approved for a mortgage is like having a roadmap for your homebuying journey. Here's why it's the smart first move:

• Know Your Budget: Pre-approval tells you exactly how much you can realistically afford, preventing disappointment later.
• Confident House Hunting: Sellers take offers from pre-approved buyers more seriously, giving you an edge in a competitive market.
• Streamlined Process: Much of your financial paperwork is already vetted, potentially speeding up your closing when you find the right home.

How to Get Pre-Approved in Davao

1. Gather Documents: Start with proof of income (payslips, tax returns), bank statements, and identification.
2. Choose a Lender: Explore local banks, mortgage brokers, or credit unions. Compare rates and terms.
3. Submit Your Application: Most lenders offer online options or in-person appointments.
4. Receive Your Pre-Approval Letter: This outlines your approved loan amount, interest rate, and any conditions.

Tips:

• Shop Around: Don't settle for the first lender, get quotes from a few.
• Be Honest: Accurate financial disclosure leads to a reliable pre-approval.
• Ask Questions: Clarify anything you're unsure about in the terms.

ACRB Properties is Here to Help

Our team works with trusted lenders across Davao City. We can guide you towards the right mortgage options for your unique situation. Contact us today to take the first step in your homeownership journey!