Mortgage Center

Obtaining a pre-approved mortgage is a great way to begin your home buying process. With mortgage approval, you are in a better position to negotiate with Sellers. You will also be able to close on a property more quickly than other Buyers could. A secured mortgage approval shows the Seller how serious you are about his property, and it will make the Seller more comfortable working with you. In a "Seller's Market," or where the number of properties on the market is limited, a pre-approved mortgage is essential.

Many Buyers apply for a loan and obtain approval before they find the property they want to buy. Why? Pre-approval will help you in the following ways:

  1. Generally, interest rates are locked in for a set period of time. You will know in advance exactly what your payments will be on offers you make.
  2. You won't waste time considering homes you cannot afford.
  3. A Seller may choose to make concessions if he knows that your financing is secured. You are considered a cash Buyer, and this may make your offer more competitive.
  4. You can select the best loan package without the pressure of time.

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