The Importance of Mortgage Pre-Approval
THE IMPORTANCE OF MORTGAGE PRE-APPROVAL
Pre-approval is a lender’s actual commitment to lend to you. The process involves assembling our financial records (checklist) and going through a preliminary approval process that can take up to a couple of weeks.
Why Get Pre-Approved?
Pre-approval provides you a definite idea of what you can afford and shows sellers that you are serious about buying. In addition to documenting your financial ability to close on a transaction, pre-approval shortens the time needed to close on a loan, and makes you a more attractive buyer for sellers who want a quick and efficient closing. In fact, in many cases a Pre-Approval is a requirement to even submit an offer on a property.
DON’T KNOW WHERE OR HOW TO START THE PRE-APPROVAL PROCESS? DON’T WORRY.
We work with trusted mortgage professionals of the highest caliber. There are many bad mortgage lenders out there, including some of the largest and most popular banks - they may be good banks, but most of them make terrible mortgage lenders. The same can be said for most lenders you will find on referral Sites like LendingTree.com, etc.
Chris Mudloff with Gold Star Mortgage Financial is one of the absolute best there is. You can reach him:
- See more at: http://www.bestsouthfloridamls.com/idx/index.php?cont=ImportanceMortgage&id_from=530f3262f72e86ad410b2fef0f9744c4#sthash.yL4KhAbQ.dpuf