The Only Mortgage Loan Options Guide You Need was written for you. Knowledge is power, and we want you to become a powerful home buyer in today's housing market. Download the 12-page guide below to discover your home financing options.
When it comes to mortgage, some terms tend to be quite confusing. The two most confused terms include the mortgage loan pre-qualifications and the mortgage pre-approval. The terms are confusing to the extent that, even some real estate agents as well as loan officers will use the terms incorrectly. Pre-approval translates to you having a tentative assurance from a particular lender for mortgage financing.
In the event that you get such funding, you are required to provide the lender with authentic records of your income, debts as well as assets. The process also demands for an application fee as the bank will have to verify the information that you have given. Once you get the approval, the lender hands you the letter of commitment letting you know the amount of money the bank is willing to loan you for buying the home. With the pre-approval, real estate agents will take you more seriously as they can clearly see that you have some kind of funding. Did you know that gaining pre-approval has virtually more benefits than one cannot surmise at the beginning? Well, here are some of the benefits that one gets from mortgage pre-approval.
When you're ready to find out if you're pre-approved for a house click the button below. Getting your mortgage pre-approval all set before you go house hunting is the smart way to buy your home, especially in today's market. Get pre-approved today and get on the road to home ownership.
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