Mortgage Loan Pre Approval

by Riddhi from Connecticut

Regarding mortgage loan pre approval: Hi Kate, I am a confused buyer in the middle of a short sale which has been dragging since April. My Realtor assures me the seller and their two banks should be done by mid July and so it's our turn to apply for a mortgage, home inspection and all the fun stuff.



Here is my dilemma. My husband doesn't believe in shopping around for mortgage rates. He is going to our bank since they were the ones who pre-approved us and the loan officer there is part of my Realtor's network.

Is it part of mortgage officer's duty to sit with us and go over the mortgage options or can it all be done over phone?

Thanks in advance, Riddhi


Kate Answers: Mortgage Loan Pre Approval

Dear Riddi, There are many different ways to apply for a mortgage loan and mortgage loan pre approval. I would suggest for a husband and wife buying a home to both be present whenever possible with the loan representative.

So that your mortgage loan pre approval is accomplished in person, both of you should attend the appointment. If using the phone, scheduled a dedicated time and conference in together.

Congratulations for getting this far with buying a house currently in short sale. I am happy to hear you will have a home inspection. So, I have provided links to more home buying tips, including home inspection below for your convenience.

After reading through them, please let me know if you have more questions. Take a moment to bookmark Mortgage Loan Pre Approval to your favorites and visit often for more tips for buying a house. You can also invite friends to comment on this page or ask another question of their own like you did.

Best Wishes,

Ask Kate how to get the best mortgage rates
Ask Kate



Learn More About Your Dream Team

How to Buy a House Part 1 Meet your real estate agent and save yourself heartache and headache.

How to Buy a House Part 2 Meet your mortgage lender - Expect more than quoting the lowest rate or taking an application.

Check out List of Mortgage Companies, a local lender directory.

How to Get a Mortgage Part 3 Meet your home inspector and avoid buying a money pit.

How to Get a Mortgage Part 4 Meet your real estate appraiser - Does an appraisal assures you of a good deal?

How to Get a Mortgage Part 5 Meet your title insurance companies for coverage resulting in peace of mind.

How to Get a Mortgage Part 6 Meet your homeowners insurance agent because there is more to it than the cheapest quote.

How to Get a Mortgage Part 7 Meet your escrow and closing disclosure form, the guardian of your real estate transactions.

Title, Abstract Services and Escrow Agents, a mortgage service provider directory.

How to Buy a House Questions and Answers II.

How to Buy a House Questions and Answers I.



Return from Mortgage Loan Pre Approval to Get-Your-Best-Mortgage-Rate


Click here to add a comment.

You can also ask Kate about your mortgage at Ask Kate About Buying a House.

Recent Articles

  1. Kate's Mortgage Rate Report August 11: Rates Bouncing Like a Ping Pong Ball

    Aug 11, 16 10:49 AM

    Kate's mortgage rate report for the week ending August 11, 2016: Rates Bouncing Like a Ping Pong Ball
    Mortgage interest rates have been bouncing like a ping pong ball: After last Friday's strong job report began pushing up mortgage rates, the market is now hinting at a reversal, with the 30-year hover…

    Read more

  2. Ask Kate how to avoid unauthorized mortgage rate extension fees

    Aug 11, 16 10:18 AM

    Ask Kate how to avoid unauthorized mortgage rate extension fees
    Ask Kate how to avoid unauthorized mortgage rate extension fees:

    After locking in her rate, the bank sent a Texan homeowner, Laura, notification of several thousand in fees that she must pay in order…

    Read more