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,



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. Lock Mortgage Rates - How To Avoid Hidden Fees

    Aug 06, 18 11:58 AM

    If you lock mortgage rates over the phone, how do you protect against excessive points and hidden closing costs? Learn what to do when your lock is threatened.

    Read More

  2. Finding Low Down Payment Mortgage Financing

    Aug 06, 18 11:53 AM

    Getting a low down payment mortgage: Learn the first two steps to financing niche properties in resort areas. Tip: It's not about timing the real estate market!

    Read More

  3. Ten Best Kept Secrets to Low Mortgage Payments

    Aug 06, 18 11:45 AM

    Ask Kate's secrets to low mortgage payments help homeowners understand industry lingo related to refinancing. Learn how to get your best mortgage rate!

    Read More