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WHAT IS A PRE-APPROVAL AND HOW DO I GET ONE? |
| A PRE-APPROVAL MORTGAGE IS CALCULATED ON INFORMATION GIVEN BY YOU. IT IS USUALLY SUBJECT TO CERTAIN CONDITIONS BEFORE IT IS FINALIZED: THINGS SUCH AS CONFIRMED EMPLOYMENT INCOME AND YOUR DOWN PAYMENT. THE GUARANTEED INTEREST RATE IS USUALLY 90 – 120 DAYS FOR A SPECIFIC TIME PERIOD.
MOST SUCCESSFUL REAL ESTATE PROFESSIONALS WILL INSIST ON KNOWING YOU HAVE A PRE-APPROVED MORTGAGE BEFORE THEY WILL BEGIN SHOWING HOMES. THIS IS TO MAKE SURE THE PROPERTY WILL BE WITHIN YOUR AFFORDABLE RANGE. TO GET A MORTGAGE PRE-APPROVAL, CALL YOUR MORTGAGE SPECIALIST*. THEY WILL IN TURN DETERMINE YOUR FINANCIAL SITUATION AND CALCULATE THE MORTGAGE RANGE IN WHICH YOU WILL QUALIFY. ALONG WITH THIS INFORMATION AND YOUR AUTHORIZATION, THEY WILL THEN PROCEED TO ARRANGE A PRE-APPROVED MORTGAGE, IF YOU WILL BE BUYING IN THE NEAR FUTURE.
PLEASE CONTACT US FOR FURTHER INFORMATION ABOUT A PRE-APPROVED MORTGAGE.
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