Compass Home Group

Why Getting a Pre-Approval Plays to Your Advantage!

The Advantages of Getting a Mortgage Preapproval 
Presented by the Compass Home Group Call or Text 443-360-0086

The home buying process can be exciting, but also stressful. When there are a large number of buyers in the market for real estate, the odds of being able to purchase your desired home can be low. However, getting a mortgage preapproval prior to home shopping can dramatically increase the odds of success.

Make Mortgage Preapproval Your First Step

A mortgage preapproval should be a homebuyer's first step when purchasing a home. A borrower can choose to meet with a lender or get an initial preapproval via the Internet. The preapproval process is similar to the actual mortgage process and will, in fact, eliminate a lot of time after a home has been chosen. When obtaining a mortgage preapproval, the borrower will complete a mortgage application and submit the necessary documentation to the lender. The lender will pull a credit report and examine the borrower's credit. Based on all of this information, the lender will determine the amount of funds that the borrower qualifies for. The borrower will receive a Conditional Commitment, which states the amount of funds that the lender agrees to lend provided that the conditions are met. While a preapproval is an important first step, it is not the final mortgage approval.

Impress Home Sellers With Your Mortgage Preapproval

continue reading Why Get Preapproved here....

 
Compass Home Group of Keller Williams American Premier Realty  
Tim Langhauser & Michele McCartin  
Call or Text 443-360-0086 for information
 

Aberdeen - Abingdon - Bel Air - Churchville - Cockeysville - Dundalk - Edgewood - Essex - Fallston - Forest Hill - Fork - Havre de Grace - Hunt Valley - Jarrettsville - Joppa - Kingsville - Lutherville-Timonium - Middle River - Parkville - Perry Hall - Phoenix - Riverside - Rosedale - Street - Towson - White Hall - White Marsh - Whiteford

IMPORTANT DISCLOSURE: Although this property was available at the time this ad was created, it is very possible that an offer has been submitted or even accepted since that time. This ad was created with the intent to sell this property. If you are interested in this property, please call or text 443-360-0086 to check on its current availability.
Comment balloon 1 commentTim & Michele Langhauser • October 10 2013 10:44AM
Why Getting a Pre-Approval Plays to Your Advantage!
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The Advantages of Getting a Mortgage Preapproval Presented by the Compass Home Group Call or Text 443-360-0086 The home buying process can be exciting, but also stressful. When there are a large number of buyers in the market for real estate, the… more