Before buying a home this spring, getting a mortgage pre-approval should be your first step. It takes 5 minutes and lets you know exactly how much house you can afford.
With so many other buyers in the market expected this spring, you need any advantage that you can get, and a mortgage pre-approval is like a golden ticket in the housing market.
Getting Your Mortgage Pre-Approval
The mortgage pre-approval process is very smooth through our 5-Minute Loan Approval process. Your information is taken in through either our app, the website, in-person on over the phone. We then determine what the mortgage pre-approval number should be.
Remember, a pre-approval isn’t a contract. It’s a number showing how much you can borrow, found by going through your financial picture, step-by-step, and finding out what you can afford.
It’s not a final agreement, though. When we have completed the mortgage pre-approval, we will use the information that we have gathered to find the loan amount that works best for your situation.
Finding the right mortgage amount, after the pre-approval, is a balance of what you want, what you can afford, and what your credit report tells us.
Keep in Mind
Your pre-approval is just the very first step in the home loan process, so you have to make sure to keep all of your other paperwork together and available for when you’re ready to buy.
Being prepared will speed up the process immeasurably, so we’re not waiting on paperwork to finish. We can close for a prepared buyer in two weeks.
We will need to see: proof of income, tax returns, income from alimony or child support and even divorce papers. Your credit history will be pulled also to help us understand your payment history, and the risk factor in lending you a giant sum of money.
Why Should You Get Pre-Approved
It lets you know what to expect. While it may not be the exact amount that you ultimately are approved for, it will be very close, depending on how your paperwork shakes out.
Knowing what to expect gives you a leg up on all of the other buyers looking to buy a home in this market, where there is limited inventory and very low rates.
Call the best mortgage lender in Colorado, Jamie Becker’s Colorado Loan Experts Team in Denver at (303) 351-1639 or visit TheBeckerTeam.com to apply now. Colorado Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages and The Bank Statement Mortgage. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Colorado Loan Experts.
The Becker Team – Colorado Loan Experts 201 Columbine Street Suite 300 Denver, CO 80206