Getting pre-approved means completing an application and allowing us to confirm you can be approved for a loan. This is a key early step. You can’t make an offer on a house without a pre-approval letter and you shouldn’t be looking at houses without knowing what kind of financing you can get. (It can kill the mood when you find a great home and realize you don’t know if you can afford it.)
Here is what you need to know about Pre-Approval:
This can be done in person, online or over the phone.
We collect your personal information, financial and employment information
We review your information to see what loans you can qualify for, what rates/terms are available and what might be the best loan/loans for you to consider
You not only become a qualified buyer, but you also become a more educated buyer as well. You’ll understand
The loan products that are best for you
How much money you need to complete the transaction
Payments and closing costs
We can also provide a few scenarios in writing to help you understand closing costs, escrows, down-payment and monthly payment options.
You will be ready to move forward, taking a more serious look at houses and ready to make an offer if the right one comes along
We’ll have a relationship; so if you see something that might work and want to talk it through, we’re ready to do that.
The ideal is to get pre-approved as early as possible. If you are looking at houses or even thinking about buying, getting pre-approved should be your next step. You can get started by giving us a call or sending us a message, or click the button below to go to the PrimeLending website where you can start the application process.