Power of Pre-Approval
Today's "seller's market" has made pre-approval more important than ever for homebuyers. Pre-approval is a written commitment from your lender that:
- Demonstrates your certified buying power to the seller.
- Gives you the edge over other bidders who may not be pre-approved.
- Increases your negotiating leverage when making an offer.
- Accelerates the mortgage process once your offer is accepted.
Is there a difference between pre-qualification and pre-approval?
Pre-qualification helps you determine just how much of a mortgage you can afford before you start looking for a house. Pre-approval goes a step further, assuring you of a specific loan amount, pending appraisal of your intended property.
To begin the pre-approval process online, fill out the following form:
