Why Get Pre-Approved?

1. 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.

2. While a pre-approval is non-binding to the lender (because the information you provide has not been verified by an underwriter), it does serve as a good indication to potential sellers of your general creditworthiness.

3. In such a tight market as we are in, known as a sellers market, 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. We would ideally want to get you set up with a DU, which is a Desktop Underwritten approval, or TBD approval, dependent on the lender, in order to place you in the best possible position to obtain that home of your dreams.

Contact me today so I can get you in touch with my lending partner and begin the first process of your home search.

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