How Mortgage Pre‑Approval WorksGetting pre‑approved for a mortgage is a great way to show sellers that you’re a serious and credible buyer.
Answer a few questions here to find a local lender in minutes who can help you with your mortgage pre-approval application. Your lender will collect your basic financial info and verify your credit score, and if you meet their lending guidelines, you’ll receive a pre-approval letter.
The pre-approval letter will show the home loan amount that the lender would be willing to lend you. Submit your pre-approval letter with your offer, and it may be the key to closing on your new home.
A number of factors determine the price range of homes you’ll want to preview – one of these factors is loan pre-qualification.
As your agent, I will help you pre-qualify. Items considered when pre-qualifying for a mortgage loan include:
Credit History and Scores
Monthly Income and Expenses
With my knowledge of the mortgage market, I’ll help you make an informed decision as to the type of loan you’ll want. There are many different types of loans to consider – FHA, VA, Conventional and even Bad Credit Loans. We’ll find the best loan for your situation.