Get Pre-Approved

The Importance of Getting Pre-Approved

"Pre-Approved" means that I have carefully reviewed your financial situation, including your credit report and other information, and believe you are readily qualified for a given loan amount and purchase price with one or more specific mortgage programs. Based on this information, I will provide a Pre-Approval letter, which shows your buying/borrowing power.Although not a final loan commitment, the Pre-Approval letter can be shown when bidding on a home. It demonstrates your financial strength and shows that you have the ability to go through with a purchase. This information is important to owners since they do not want to accept an offer that is likely to fail because financing cannot be obtained.Real Estate agents and sellers see Pre-Approved buyers as more serious (and more valuable) because they’ve taken proactive steps to secure Pre-Approval. When it’s time to make an offer, a Pre-Approved buyer will be in a better position to negotiate.Also, many Real Estate forms and disclosures often require buyers to apply for financing within a given time period. By meeting in advance and identifying mortgage programs, it won't be necessary to quickly rush into a financing decision that may not be the best option for you.

Today, the first step in finding the home of your dreams is to obtain a Pre-Approval letter. It is wise the start the mortgage process well before bidding on a home. By getting Pre-Approved, you will find which programs best meet your needs and how much you can afford.

"Pre-Approved" means that I have carefully reviewed your financial situation, including your credit and other information, and believe you are readily qualified for a given loan amount and purchase price with one or more specific mortgage programs. Based on this information, I will provide a Pre-Approval letter, which shows your buying/borrowing power.

Although not a final loan commitment, the Pre-Approval letter can be shown when bidding on a home. It demonstrates your financial strength and shows that you have the ability to go through with a purchase. This information is important to sellers since they do not want to accept an offer that is likely to fail because financing cannot be obtained.

Real Estate agents and sellers see Pre-Approved buyers as more serious (and more valuable) because they’ve taken proactive steps to secure Pre-Approval. When it’s time to make an offer, a Pre-Approved buyer is in a better position to negotiate.