Mortgage Pre Approval - Home Buying The Easy Way

Mortgage pre approval is the starting point to owning your dream home!

You may not know it yet but in a few short minutes, you are going to learn the most important secret to owning a home.

Kate Explains Mortgage Pre Approval

Doesn't it make sense to be a preferred home buyer before you set out on the journey of shopping for a house? Hi, my name is Kate and I'm a retired mortgage broker. I know the importance of homeownership.

I should! I assisted thousands of folks just like you with mortgage financing for over 20 years. I made mortgage preapproval the top priority for each of my prospective home buyers.

Even so, some prospective home buyers avoid mortgage pre approval out of fear of rejection from the bank. That's why I say don't let fear rob you of owning a home.

As Our Beloved American Hero Babe Ruth Said

"Never let the fear of striking out get in your way."

Become A Preferred Home Buyer

It's actually pretty simple. Pre approval means you'll get mortgage approval before you buy a home. It eliminates surprises and can make your offer more attractive to a seller. No wonder creative home buyers appreciate mortgage preapproval!

The 3 C's...Cash, Credit And Collateral

Cash includes your savings, income and down payment.

Tip: Keep your bank statements, paystubs and tax records. Save money using Kate's mortgage checklist.

Credit considers your history of paying bills and how much you owe today.

Tip: Ask for a copy of your credit report. Review it for accuracy.

Collateral means the type of property you want to buy, like a condo or house.

Tip: It's easier to get a mortgage if you're going to live in the home.

Completing The Pre Approval Process

Tip: Here's how to find your best mortgage lender and low mortgage payments.

Once the process is finished, ask for a mortgage pre approval letter. It will state the approved purchase price and required down payment in writing. The mortgage pre approval letter will also discuss the proposed loan program, interest rate and monthly payment.

Tip: Sellers often ask for a copy of your letter. Keep the original for your records.

Welcome Home Buyers

Remember Babe Ruth..."Never let the fear of striking out get in your way." In other words, you'll never get a hit sitting on the bench.

There's nothing like mortgage pre approval to give both a seller and home buyer peace of mind. It makes a lot of sense that sellers welcome home buyers who already have a mortgage pre approval.

Start here. Take the first step and begin today. It will make your home buying experience so easy.

Unique Mortgage Tips and Solutions

Buying A House Part One - This might be your most important decision as a home buyer.

Buying A House Part Two - This is your second most important decision as a home buyer.

Where to find your best best mortgage advice or not!

What to do if your mortgage loan approval begins to hiccup.

How much can you afford in a mortgage payment and why your lender doesn't know.

Eliminate guess work and last minute surprises from buying a home with mortgage pre approval.

Discover how to compare mortgage closing costs to get the best rates for the least cost.

Why you should always compare mortgage interest rates - Because the lowest rate may not be your best deal.

How to know when to lock mortgage rates - You deserve reliability and peace of mind, don't you?

This expert online mortgage advice is guaranteed to make you a savvy mortgage shopper.

Nitty gritty mortgage interest rate lock agreements and why you also need a good faith estimate.

Ask Kate For Solutions - Ask a question to get an answer from Kate.

Return home to Get-Your-Best-Mortgage-Rate from Kate's Tips and Solutions Collection

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