Mortgage Pre-Approval Process
If you are not shopping for a home with cash, you will want to be pre-approved for your mortgage well before you find the house you want to buy.
Why?
Cash is King. Pre-approved Loans are Queen.
Folks writing offers without a mortgage approval are Jokers - at least in the eyes of Sellers and their Realtors. No seller wants to take their house off the market if they are not assured the potential buyer can pay what they propose to pay.
The best type of pre-approval is with a real live human mortgage broker with whom your Realtor has had good experiences. Some mortgage professionals can even make the process fun!
Some mortgage brokers we have had good experiences with include:
Becca Christianson at AMEC, - former teacher, great with first-time buyers or anyone who has not been through the mortgage process very recently, cheerful and tries to make a sometimes annoying process fun.
Joe Bob Everett at AOM,
Cameron Breed Team at SWBC Mortgage,
Susan Peck at Infinity Mortgage.
We recommend getting pre-approved for your maximum mortgage amount. Then reduce your budget to the point that comfortably fits your budget. Shop for your budget knowing if you get into a multiple offer situation and decide to raise your bid slightly above your budget, you will already have the approval to do so.
You might think your bank or an online lender would be a good option. Your pre-approval will mean more when backed by a full-time local mortgage professional with a strong reputation among the real estate agents in the area.
Have any questions? I'm always happy to help you - or anyone you care enough about to refer.
John
Why?
Cash is King. Pre-approved Loans are Queen.
Folks writing offers without a mortgage approval are Jokers - at least in the eyes of Sellers and their Realtors. No seller wants to take their house off the market if they are not assured the potential buyer can pay what they propose to pay.
The best type of pre-approval is with a real live human mortgage broker with whom your Realtor has had good experiences. Some mortgage professionals can even make the process fun!
Some mortgage brokers we have had good experiences with include:
Becca Christianson at AMEC, - former teacher, great with first-time buyers or anyone who has not been through the mortgage process very recently, cheerful and tries to make a sometimes annoying process fun.
Joe Bob Everett at AOM,
Cameron Breed Team at SWBC Mortgage,
Susan Peck at Infinity Mortgage.
We recommend getting pre-approved for your maximum mortgage amount. Then reduce your budget to the point that comfortably fits your budget. Shop for your budget knowing if you get into a multiple offer situation and decide to raise your bid slightly above your budget, you will already have the approval to do so.
You might think your bank or an online lender would be a good option. Your pre-approval will mean more when backed by a full-time local mortgage professional with a strong reputation among the real estate agents in the area.
Have any questions? I'm always happy to help you - or anyone you care enough about to refer.
John
