Are you making the biggest mistake homebuyers face in today’s competitive housing market? In this video, mortgage expert Dave Steinberg explains why starting your home search before getting pre-approved can cost you your dream home.
Learn the critical difference between mortgage pre-approval and pre-qualification, and why being fully prepared gives you a serious advantage when making an offer. Whether you're a first-time homebuyer or re-entering the market, this advice could save you time, money, and disappointment.
👉 Key Takeaways:
Why shopping for a home before pre-approval is risky
How falling in love with the wrong home can hurt financially
Why sellers prefer pre-approved buyers
The REAL difference between pre-approval vs pre-qualification
How working with a mortgage professional strengthens your offer
💡 A strong pre-approval can make your offer stand out—and even help you win in a competitive market.
Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding
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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367
Summit Funding | Licensed Correspondent Mortgage Lender (NMLS #301151) New Jersey Department of Banking and Insurance
Summit Funding Inc., Your Mortgage Professionals Licensed Mortgage Broker (NMLS #84943) | State of Connecticut Department of Banking
Summit Funding, Your Mortgage Professionals, Inc. Licensed Mortgage Broker (NMLS #84943) | Florida Office of Financial Regulation
Loans Provided By Third Party Lenders
Refer with Confidence®
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00:00 – Biggest mistake homebuyers make
00:10 – Why shopping before pre-approval is risky
00:27 – Losing your dream home to prepared buyers
00:48 – Importance of working with a mortgage professional
01:00 – Pre-approval vs pre-qualification explained
01:25 – Why a strong pre-approval matters
01:40 – Final advice for homebuyers
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