The Power of Pre-Approval

Today's competitive market has made pre-approval more important than ever for homebuyers. Whether you're a first-time buyer or an experienced homeowner, getting pre-approval for your mortgage has many advantages.

Pre-approval is a written commitment from your lender that:

• Demonstrates your certified buying power to the seller.
• Gives you the edge over other bidders who may not be pre-approved.
• Increases your negotiating leverage when making an offer.
• Accelerates the mortgage process once your offer is accepted.

Is there a difference between pre-qualification and pre-approval?

Pre-qualification helps you determine how much of a mortgage you can afford before you start looking for a house. Pre-approval takes the process a step further. It means your lender has done the necessary background work - reviewing your credit report and analyzing your financial position - to assure you of a specific loan amount, pending appraisal of your intended property.

By checking your credit report during the pre-approval process, you'll have the chance to address any issues before they get in the way of your home purchase.

Get started today with our convenient online application.

Questions? Contact Lawrence Montani.