Mortgage Pre-Approval For Your Next Home

Don’t Buy a Home without a Mortgage Pre-Approval

Before you start looking for your new home, it’s smart to get a mortgage pre-approval.  You’ll have a better idea of how much you can afford to spend on a new home. A mortgage pre-approval can save you time by not viewing homes that are out of your price range. It will also help you better negotiate the asking price for the home.  Sellers tend to take offers from those with a mortgage pre-approvaBaytree National Bank & Trust Co." href="http://en.wikipedia.org/wiki/Pre-approval" target="_blank">l more seriously than others.  Make sure you qualify for home of your dreams!

The difference between an Mortgage Pre-Approval and a Mortgage Pre-Qualification

A Mortgage Pre-Approval is a tentative commitment from a lender / mortgage banker for funding.  Once you are approved, the lender will give you a letter of commitment, stating how much money the bank is willing to loan you for a home purchase. With a mortgage pre-approval in hand you can start your shopping – real estate agents and sellers will take you much more seriously when they see you have your mortgage funding in place.

A mortgage pre-qualification is simply an estimate of how much house you can afford and how much money a lender would be willing to loan you.

Get your Free Mortgage Pre-Approval today!  Simply fill out the form below to get the process started!