The Mortgage Pre-Approval Process

Step Two

Getting pre-approved for a mortgage is an integral step in searching for a new home. First, it defines the price range for properties in which you will be searching. A pre-approval will save you time looking at properties that don’t fall within your preferred range and it will send a clear message to your REALTOR® as to what you are willing to spend.

Second, the process will determine how much your monthly mortgage payments will be. Most times, people don’t have and issue with a total mortgage amount. When presented with the monthly payment, however, the financial reality becomes clear and the Buyer is better able to make informed choices about this very large investment.

Third, if an offer you make on a property is accepted, you will have a short period of time to remove the conditions to your offer. The less time you require to remove your conditions, the stronger your offer will be. Having your pre-approval already in place will greatly decrease the time you need for subject removal. Also, if you had to rush yourself by looking for a mortgage during the time of subject removal, you may not be able to find the mortgage product that is best for you. This is extremely important as it is something that will make a big difference in how much the property actually ends up costing you.



To get the ball rolling, all you need to do is fill out the form below or simply get in touch with me and I will help you find you dream home, loft or any style of dwelling you are interested in.

Your Name*

Your Email*

Your Phone

Property Type

Desired Location

Bedrooms

Bathrooms

Price Range

Desired Size (approx. square feet)

When are you planning to buy?

Additional Comments

Buying Real Estate