Pre-Approve & Test Your Mortgage Application

Home buyers use mortgage pre-approvals to answer "Can I get approved to buy a home at this particular price?"
Homebuyer - the best reason to get pre-approved for your mortgage loan before you buy
What Is A Mortgage Pre-Approval For

Video Transcript

A pre-approval is dry-run for your eventual final mortgage application, a theoretical loan approval based on a realistic home at a realistic price, using your actual credit information.

Your income, your debts, your credit score, and the size of your down payment. Your mortgage pre-approval states that if you bought a home at price point whatever, a lender would approve your loan to get it.

And you can take that pre-approval to the bank because getting pre-approved means that your loan application’s already been reviewed – in full – save for you having a contract to buy an actual, physical home.

Pre-approvals give a Yes or No answer to the question “Can I get approved to buy a home at this particular price?”

And, that’s not just helpful information for you – it’s helpful information for whomever owns the house you’re going to buy someday, because no home seller is going to accept your offer unless they know you can afford to buy their house.

That’s what your pre-approval is for. It’s peace of mind that shows you’re serious about buying a house, and that your interest should be taken seriously, too.

Ask us your questions about pre-approvals anytime — we’re help to help you.

Happy homebuying.