The Common Mistake Homebuyers Make and How to Avoid It: A Guide to Prequalification

Are you on the hunt for your dream home? Before you dive headfirst into listings and open houses, there's one crucial step you might be overlooking: getting prequalified for a mortgage. In this blog post, we'll explore why this step is so important and how it can save you time, money, and stress.

The Mistake: Skipping Prequalification

It's easy to get caught up in the excitement of house hunting. The thrill of finding that perfect kitchen or envisioning your kids playing in a spacious backyard can be intoxicating. But there's a common mistake many homebuyers make, and it could cost you—skipping the prequalification process.

Why Prequalification Matters

Know Your Budget

The first and most obvious benefit of getting prequalified is knowing exactly how much house you can afford. This ensures you won't waste time looking at homes that are out of your budget, streamlining your search process.

Be Taken Seriously

Sellers are more likely to consider offers from buyers who are prequalified. A prequalification letter from a lender shows that you're not just window shopping—you're a serious buyer.

Act Quickly

In a fast-growing market like Langley, properties can get snapped up quickly. Being prequalified allows you to act fast when you find the perfect home, giving you a competitive edge.

How to Get Prequalified

Getting prequalified is easier than you might think. 

  1. Gather Financial Documents: Have your pay stubs, tax returns, and bank statements ready.

  2. Contact Tori Dolmas' Modern Mortgage : Reach out to Tori. She's my go-to expert for homebuyers in Langley.

  3. Complete the Application: Tori will walk you through the application, which usually involves detailing your financial history.

  4. Review Terms: After your application is reviewed, you'll get the loan amount and interest rate you qualify for.

  5. Get Your Prequalification Letter: This letter is your key to being taken seriously in the housing market.


So, if you're a potential homebuyer, don't make the mistake of skipping prequalification. It's a simple step that can save you a lot of headaches down the line.

Contact Information

If you'd like more information on the overall process of buying a home, from timeline to actual costs, feel free to reach out. Let's turn your real estate dreams into reality!

Your Trusted Langley Realtor
Stonehaus Realty


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