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 pre approval 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.

Or as our beloved American Hero Babe Ruth said...

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

Become A Preferred Home Buyer

You might be wondering what goes on during a mortgage pre approval.

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 pre approval!

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.

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

Completing The Mortgage Pre Approval Process

A lender might need additional information before your mortgage pre approval is completed. No two prospective home buyers are alike. So include an explanation if something is out of the ordinary about your situation. First impressions are lasting. Be complete with your paperwork the first time around.

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

So contact a lender today to begin your mortgage process. After all, it's your mortgage and your home. No one cares about it more than you!

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.

5 Steps to Getting Your Best Mortgage Rate

Step 1 - Find out how much you can afford in monthly house payments.

Step 2 - Insist on mortgage pre-approval.

Step 3 - How to discuss mortgage approval with your lender.

Step 4 - Become an expert on good faith estimates and mortgage closing costs.

Step 5 - How to successfully lock in mortgage rates.

Return home to Get-Your-Best-Mortgage-Rate.com from Mortgage Pre Approval.

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