How does a mortgage pre-approval work, and how can you make sure you won’t be declined when you apply? Here’s what you need to know.
3 Things That Will Absolutely Kill Your Chances for a Mortgage Approval
Avoid these three mortgage-killing habits while your lender evaluates your loan and you’ll quickly find yourself holding the keys to your new home.
Did You Know? Why a Mortgage Pre-qualification Meeting Might Be Your Best Use of 5 Minutes
If you’re in the market for a mortgage, you may want to set up a pre-qualification meeting with a bank or lender. Even if you’re not sure which lender you’d like to apply for a mortgage with, pre-qualification can still be a valuable step to take. And given that it only takes a few minutes, it’s something every potential homeowner can do.
A Step-by-Step Guide to Preparing Your Finances for the Mortgage Pre-Approval Process
Being pre-approved for a mortgage isn’t just a way to get a step ahead, in many cases it’s a necessity to buying a home. Many sellers don’t want to go through the negotiation process of selling their home only to have the buyer drop out when they can’t get approval for the mortgage they were relying on.