Don't miss out on the home of your dreams because you can't arrange financing quickly enough. Avoid disappointment.A pre-approved mortgage puts your financing in place before you make an offer on a home. When you apply for a pre-approved mortgage, you'll know how much you can reasonably borrow to buy a home. It tells you what your payments will be, and it defines a realistic price range for your financial situation.
A typical pre-approved mortgage guarantees your interest rate for 60 days (90 days for new construction) while you look for a home.
Most financial institutions guarantee the interest rate for the term you select even if rates go up, provided your purchase is completed within two months.
If rates go down before you complete the purchase, you should automatically get the lowest rate during that period for the term you selected. This protection could save you a substantial amount of money if interest rates fluctuate while you're house shopping.
With a pre-approved mortgage, you're much better prepared to shop for a home:
you'll have a clear idea of what you can afford in terms of price, down payment, legal fees and other expenses
real estate agents will serve you better because they know you're a serious buyer. You can then go ahead and make an offer to purchase.
Because you have all the financial facts in hand, your purchase commitment is far more likely to be one you can live with comfortably.
After your lender receives your final offer to purchase, your mortgage can be quickly processed, subject to a satisfactory property appraisal and a formal credit review - usually within 48 hours.
A Pre-Approved mortgage puts you under no obligation and is available to you at no cost.
LenderSquare is where nationwide lenders network, terms and conditions may vary. There is no obligation to find out how much or the terms of your potential home loan.
We have a loan officer on duty to answer any questions that you might have about your preapproved mortgage.
Our lenders often specialize in pre approval home loans and they will walk you through the entire process.
Here are some of the benefits you'll enjoy with us:
The Fastest, Easiest Mortgage Application on the Internet. In just a few easy steps you'll be on your way to getting preapproved for a home loan, even with bad credit problems, no credit or a bankruptcy.
Don't wait take a few minutes out of your day to apply, there is no obligation to find out what your rates would be or what size home loan you may qualify for, its fast and easy, so apply today.
Filling out an application in no way obligates you and is completely free to apply, fast and secure. Apply Today!
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