The Loan Process 

Obtaining a pre-approved mortgage is a great way to begin your home buying process.  With mortgage approval, you are in a better position to negotiate with Sellers.  You will also be able to close on a property more quickly than other Buyers could.  A secured mortgage approval shows the Seller how serious you are about his property, and it will make the Seller more comfortable working with you.  In a "Seller's Market," or where the number of properties on the market is limited, a pre-approved mortgage is essential.

Many Buyers apply for a loan and obtain approval before they find the property they want to buy.  Why?  Pre-approval will help you in the following ways:

• Generally, interest rates are locked in for a set period of time.  You will know in advance exactly what your payments will be on offers you make.
• You won't waste time considering homes you cannot afford.
• A Seller may choose to make concessions if he knows that your financing is secured.  You are considered a cash Buyer, and this may make your offer more competitive.
• You can select the best loan package without the pressure of time.

  What Can You Afford? 

There are many factors that can help you decide how much you can afford to pay for a new home.  If you'd like more information on the loan procdess, or you'd like a customized report to help you with your important mortgage decisions, please fill out the form below.   You can become very well educated before ever speaking to a Lender!