Why Get Pre-Qualified (Pre-Approved) for Financing?
1. Pre-qualification (or pre-approval) acts like a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets and debts to arrive at an estimate of how much mortgage you can afford. The whole process is quick and easy and is free.
2. While a "pre-qual" is non-binding to the lender (because the information you provide has not been verified), it does serve as a good faith indication to potential sellers of your general creditworthiness.
3. Today, sellers require that an offer be accompanied by a pre-approval letter, so if you are serious about buying, this is the first step towards getting you in your new home.
4. WHICH LENDER TO USE? I'll use any lender you specify, but you should be aware that local lenders always seem to get us to closing with fewer hassles and less delays than out-of-the-area lenders. If you'd like to get pre-approved with the lender I use and recommend the most, call Robert Flores at Approved Mortgage here in Palm Coast. Robert and his team take excellent care of my customers and go the extra step to get things done right and on time...the first time!
Rob can be reached on his cell phone at 386-569-1907. For VIP treatment, please let him know you're working with me.