What is a Pre-Approval?

Posted on 31 August, 2012

It is widely agreed that a wise first step in the home buying process is to get a mortgage pre approval. This simple step enables you to approach the home buying process with confidence.

That being said however, not all pre approvals are created equal. Avoid the frustration of making an offer to purchase the perfect home, only to find out that your mortgage ‘pre approval’ isn’t anything more than a rate hold!

We are committed to providing in depth pre approvals; in meeting with you on a one-on-one basis, we are able to examine your individual financial position and goals, and review all of the preliminary mortgage options and details. We collect documentation up front, and we pull your credit information and review it directly with you.

Because we take the time initially, once you find that perfect home, we are able to get your mortgage approved and completed faster and easier.

Through our comprehensive process you know exactly how much a lender is willing to lend to you. Additionally, you know the precise details of your mortgage (such as, what your payments will be). Your realtor is better equipped to locate homes in your price range when they know the amount you’ve been pre approved for.

And of course, you can feel comfortable knowing that an excellent interest rate will be locked in place for up to 120 days! Contact us today for your Free Mortgage Consultation!


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