GET PRE-APPROVED                 

It saves time and makes sense to find out how much you can borrow early in the home buying process. Generally pre-qualification, or pre-approval means that you get an estimate of how much you may be able to borrow based on your financial circumstances. Pre-approval means that you secure the lender's commitment to let you borrow an amount before you've actually applied for a loan.

For more information we recommend you visit our affiliates at Louvier's Mortgage.
Simply go to our Business Links page and then select the link for Louvier's Mortgage from there.

Get Organized Ahead of Time:

  • Order a copy of your credit report. This will give you a chance to clear any credit problems before you submit the loan application.
  • Organize your recent tax returns and financial documents. The lender will need your financial information to determine how much you can borrow. If you don't have all the paperwork, you can get copies by contacting your tax-preparer, and any other people who deal with your personal finances.

When you get pre-qualified, you will know how much you can afford and will be in a better position as a buyer. You will have a basis to compare different loans and make the best choice for you, which may mean tremendous savings over the life of the loan. It makes sense to secure a lender's commitment as soon as you know you want to buy. This is especially true in a "hot" market when houses are selling quickly.

Benefits of Being Pre-Approved:

  • You will know how much you can borrow, so you don't waste your time looking at properties you can't afford.
  • You will have an edge when you make an offer, because the seller knows you're qualified to get a loan and close the deal.
  • You will save time when you file your actual loan application, because you've already assembled the required paperwork.
  • You will be in the best position to choose the best lender and save the most money over the life of your loan.

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