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    If you’re looking to make a homebuying move this spring, you will be far from alone.

    According to Forbes, while the spring housing market is expected to be somewhat calm it is also expected to be quite competitive. Spring is the time many people look to move, so it is important to understand what you can do to increase your chances of getting a loan that puts you in the best position to be approved to move.

    Why is getting approved to move important in a competitive spring housing market? 

    In a competitive spring housing market, being approved to move can give you an advantage over other applicants.

    In fact, being approved to move means that you’re able to start looking for a place to live right away. Plus, you can begin your search with a wider range of options and have more time to find that perfect place.

    Additionally, being approved to move can help you avoid the stress of any last-minute frenzy.

    How can you increase your chances of getting approved to move? 

    Getting preapproved for a home loan is an important part of the homebuying process, as it gives you a clear idea of how much money you can borrow and helps you narrow down your home search to properties that are within your budget.

    So how can you increase your chances of being preapproved for a mortgage? Here are a few tips:

    Make sure your credit score is as high as possible. The higher your credit score, the more likely you are to be preapproved.

    Try to avoid opening any new lines of credit before you apply for a mortgage. This can lower your credit score and make it harder to get preapproved.

    Make sure you have a good history of employment. A steady job history shows lenders that you are reliable and responsible with your finances. If you have gaps in your employment history, be prepared to explain them.

    Save for a down payment. Lenders typically require a down payment of at least 20% of the home’s purchase price. Saving up for a down payment shows lenders that you are financially responsible and able to make a long-term investment.

    Pay off outstanding debt. Lowering your debt-to-income ratio can increase your chances of getting approved for a mortgage.

    Get approved to move. This shows sellers that you are serious about making an offer and have the financial means to buy the home. It may also help you get a better interest rate on your loan.

    Work with a reputable lender or mortgage broker. Make sure to shop around and compare rates and fees before selecting a lender. A good lender can help guide you through the process and find the best loan for your specific needs.

    Why is it important to work with a reputable mortgage professional? 

    A mortgage professional can help you in several ways. They can provide expert guidance on the best way to structure your mortgage and can help you find the lowest interest rates. They can also help you navigate the complex world of mortgage financing, which can save you a lot of time and hassle.

    Working with a mortgage professional is simply a smart move. They can help you save money and make the process a lot easier. Here are some key benefits:

    1. Access to Multiple Lenders: Mortgage professionals often have access to a wide range of lenders in the market, which means you can compare different lenders and their mortgage products. This helps you find the best deal that suits your needs and budget.

    2. Expert Advice: A good mortgage professional can provide you with expert advice and help you understand the terms of your mortgage. They can also help you qualify for a mortgage and suggest ways to improve your credit score.

    3. Saves Time and Hassle: The mortgage application process can be time-consuming and complicated, but a mortgage professional can handle all the paperwork and negotiate with lenders on your behalf. This saves you time and hassle and ensures a smoother transaction.

    4. Saves Money: Mortgage professionals can help you save money by negotiating a lower interest rate or finding discounts on closing costs. They can also suggest mortgage products that fit your financial situation and goals.

    Overall, working with a mortgage professional can make your home buying process easier, more affordable, and less stressful. It’s always wise to seek assistance from a mortgage professional who can provide you with expert advice to help you make smart decisions along the way.

    How Embrace Home Loans® can help you get approved to move 

    With our unique Approved to Move™ program we do all the paperwork up front, so you have a good chance of being approved to buy the house even before you find it. We verify all your information to give you an offer that is as close to cash as possible and good for 90 days.

    You work with one dedicated loan officer who will help you through the entire process step-by-step. We’ll take care of all the paperwork and financing, so you don’t have to worry about anything.

    With most every other “pre-approval” program out there, you get a maximum of 60 days to find a home and the documentation is not verified meaning wonky things could happen at closing.

    If you’re looking for a place to live in the spring, be sure to get approved to move right away. It can make all the difference in finding the perfect place to call home.

    Your mortgage options for a smooth journey home.

    Get expert guidance and personalized solutions for a stress-free mortgage experience.