What is a Pre-Approval?It’s a document that allows you to know exactly how much house you can afford. It also shows the seller how serious of a buyer you really are. We look at your income, evaluate your credit and ask you what your goals with the purchase are. For example, it makes a difference if the purchase is for investment reasons or as your primary residence. We then determine the right type of loan (i.e. VA, FHA, conventional, etc.) and program (i.e. fixed rate or adjustable rate mortgage) which best suits your needs with the most optimal terms possible.
The Pre-Approval is what will save you lots of time when buying a home and will ensure you don’t fall in love with a house that is not right for your financial future.
Determining What Mortgage is right for you
We do not believe that everyone’s needs are the same. You might be looking to purchase a home for investment reasons, or you might be looking to purchase a starter home in the hopes of buying something bigger in the near future. These facts are crucial when determining which mortgage is right for you. We don’t believe in a one-size-fits-all approach to mortgage lending and you shouldn’t stand for it. Your needs are unique and you shouldn’t have to settle for a mortgage that works into a banks’ bottom line rather than what’s best for your financial future.
- It all starts with a conversation
- You send us some information and documentation
- We provide you with a Mortgage pre-approval
- Shop for your home
- Find your dream home and execute purchase contract
- Initial disclosures get signed
- We submit your loan
- Your loan gets approved.
- We fulfill any conditions needed
- We go to Closing
If you do not have a realtor, feel free to contact us and we will provide you with a specialized realtor in your area. Our teams of highly trained professionals are well versed in the real estate market and are also licensed loan officers. Contact us for more information and if this is possible in your area.
Congratulations you are now ready to purchase your new home with confidence!