Getting the "Right" Home Finding the right home is still the biggest challenge buyers are faced with in today's market as is shown in the latest Confidence Index Survey. Assuming the buyers find the "right" home with determination, perseverance and the help of a real estate professional, 88% of all transactions last year required financing to get the buyer's address on the home. 93% of first-time buyers needed financing. Pre-approval is an essential step that needs to be handled before buyers begin searching for a home. The benefits to the buyer fall into the category of confidence. PRE-APPROVAL GIVES YOU CONFIDENCE Knowing the amount you can borrow the mortgage amount decreases as interest rates rise Looking at the right priced homes price, size, amenities, location Comparing and identifying the best loan rate, term, type Uncover issues early that could affect the most favorable loan terms time to cure possible problems Bargaining power to