Discover Your Buying Power With a Mortgage Pre-Approval
Getting Mortgage Ready
If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers face when applying for a mortgage.
Why get a mortgage pre-approval? Pre-approval acts as a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets, and debts to arrive at an estimate of how much mortgage you can afford. The whole process may take only minutes or a few hours at most and is free.
A pre-approval is non-binding to the lender (because the information you provide needs verification). But a pre-approval does serve as a good indication to potential sellers of your general creditworthiness.
These days most sellers will NOT accept an offer without at least a pre-approval letter. So if you are serious about buying this is the first step towards getting you in your new home.
Working With a Lender
Having the right lender is extremely important. It is essential that you understand your mortgage financing options and choose the loan that best suits your income and ability to tolerate risk. Our network of licensed loan originators specializes in financing homes along the Treasure Coast and Palm Beach real estate corridor. They are committed to providing fast, professional, courteous, and personal service to help you understand and feel at ease throughout the home buying process.
Your lender will...
1. Answer your questions,
2. Help you select the best financing for your needs
3. Prepare estimates of your closing costs and down payment
4. Calculate payment schedules, and help you determine what price home you can afford