Getting pre-approved for your mortgage is one of the most important and potentially time consuming steps in the mortgage process. A pre-approval includes a review of your income, assets and credit, a full financial background check, and a credit check. In order to get the process started, you’ll fill out an application with your Mortgage Consultant and then your income and asset documentation will go with the application to be filed and reviewed by an Underwriter.
Once your pre-approval is complete, you’ll have a better idea of how much of a loan you can qualify for and what estimated interest rates are.
Getting pre-approved for a mortgage will allow you to move fast when you find your dream home. When you make your offer, the seller will know that you’re serious because of the steps you took to be pre-approved. That will give you an edge in a competitive bidding market and get you that much closer to securing your future home.
Don’t let someone else swoop in and grab your home while you’re waiting for a loan approval!
Contact a Mortgage Consultant today to get pre-approved and make your dream home a reality!
On Q Financial, Inc. is an equal housing lender. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend. Some restrictions may apply. Loan approval is subject to applicant’s qualification for a loan program. On Q Financial does not guarantee that each applicant will receive a loan. OnQ0501180681Y000004AkSj