With mortgage lending, people interested in buying a house can often approach a mortgage broker/lender, who will check their credit and verify their income, and then provide assurances that they would be able to get a mortgage loan up to a certain amount. Buyers can then get a letter of pre-approval from the broker/lender, and when shopping for a home can possibly have an advantage over others because they can show the seller that they are more likely to be able to buy the house. We can also get you a pre-approval if you are refinancing your current home. Note that a pre-approval letter from a lender/broker is not a guarantee from the lender that a loan will be provided.
Pre-approvals are also a good way to lock in interest rates for a certain time frame which is usually 60 to 180 days (depends on lender). Also, if rates go up, there is no need to worry because the rates you have will be locked in for that time frame and if the rates go down, you will automatically get a rate drop and get the lowest rate possible!
To get your pre-approval, just fill out our online application form and we will get back to you within 24 hours.