Getting a Mortgage Pre Approval

April 14, 2020

If you are looking for a new home, be sure you get a mortgage preapproval.

With a mortgage pre approval, a licensed mortgage broker (like myself), can do a more complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually the maximum you can spend on a home.

I work directly with you to get a mortgage preapproval and I will let you know for certain what you can afford to spend on a home based on lender and insurer criteria plus what your monthly mortgage payments on a specific mortgage will be.

As a licensed mortgage broker I can also lock-in an interest rate for you for anywhere from 60 – 120 days while you shop for your perfect home with your realtor. By locking in an interest rate, you are guaranteed to get a mortgage for at least that rate or better. If interest rates drop, your locked-in rate will drop as well. However, if the interest rates go up, your locked-in interest rate will not, ensuring you get the best rate throughout the mortgage pre-approval process.

In order to get preapproved for a mortgage, I require a list of information that will allow me to determine your buying power. Together, we will discuss the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products I believe will most likely meet your needs the best, plus I will review all of the other costs involved with purchasing a home.

Getting a mortgage preapproval is something every potential home buyer should do before going shopping for a new home. A mortgage preapproval will give you the confidence of knowing that financing is available, and it can put you in a very positive negotiation position against other home buyers who aren’t preapproved.

Let’s get started on your mortgage preapproval today:

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