Pre-Approvals Are Fast & Easy But Not The Same As Pre-Qualifications

A mortgage pre-approval is not the same as a pre-qualification you would receive after filling out a generic application on the internet. A pre-approval is a comprehensive process that enables all mortgage criteria required for financing to be reviewed upfront such as income, credit, monthly liabilities, down payment, etc. An underwriter from a major financial institution will also review your application, and issue a "rate-hold", which guarantees you a low interest rate for up to 120 days or 4 months.

Why Getting Pre-Approved For Mortgage Financing Is Critical

It usually saves time and money when you are aware of your maximum pre-approved mortgage limit. You won't look at properties that are priced too low or high, and you can submit a stronger offer to purchase that is more likely to get accepted by the seller. 

Realtors are better equipped to represent you when you have taken the time to sort out your mortgage financing beforehand. They can narrow down your property search, which equals better success in finding the perfect home. 

If you are already a homeowner and are exploring refinancing your existing property, a pre-approval can also assist in determining monthly savings. A mortgage pre-approval can help you map out a yearly savings plan, too. ​

Steps to Getting A Pre-Approval

1. Fill out the application by clicking on "Apply Now."
2. We will contact you to go over the particulars of the application within 24 hours.
3. If pre-approved, we will issue you a pre-approval certificate. 

If you have specific questions about the application, please call (647) 773-4849.