A mortgage pre-approval is the most important step in your home search. It’s your ticket to being taken seriously by potential sellers and real estate agents. Agents really don’t even want to deal with you until they know that you are pre-approved, because that tells them that you can afford a home at the price you’re looking for. The Home Loan Expert Team can get you pre-approved the same day you call in, and let you shop with confidence. Get pre-approved TODAY for your mortgage and get an advantage in this seller’s market.
Remember, pre-approval isn’t a contract. It’s a number that we find when we determine by going through your financial picture, step-by-step, and finding out what you can afford. It’s not a final agreement, though. When we have completed the pre-approval, we will use the information that we gathered to find the loan amount that works best for your situation. Finding the right mortgage amount, after the pre-approval, is a balance of what you want, what you can afford, and what your credit report tells us.
Keep in Mind
Your pre-approval is just the very first step in the home loan process, so you have to make sure to keep all of your other paperwork together and available for when you’re ready to buy. Being prepared will speed up the process immeasurably, so we’re not waiting on paperwork to finish. We can close for a prepared buyer in two weeks. We will need to see: proof of income, tax returns, income from alimony or child support and even divorce papers. Your credit history will be pulled also to help us understand your payment history, and the risk factor in lending you a giant sum of money.
Why Should You Get Pre-Approved
It lets you know what to expect. While it may not be the exact amount that you ultimately are approved for, it will be very close, depending on how your paperwork shakes out. Knowing what to expect gives you a leg up on all of the other families looking to buy a home in this market, where there is limited inventory and very low rates.
Call The Home Loan Expert Team in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515, Nashville at (615) 810-8555 or Birmingham, AL at (205)721-7656. You can always apply online at hero.loan for your VA Loan, and www.thehomeloanexpert.com for your other mortgage needs, and we’re also open on Saturdays and will come to you to help close your loan. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?