Pre Approval
Getting pre-approved for a mortgage is an essential step in the home buying process. It's important to meet with a lender and provide them with your financial information, including your income, assets, and debts. Based on this information, the lender will determine how much money they are willing to lend you and what your monthly mortgage payments will be. Having a pre-approval in hand will give you a clear idea of what you can afford and will help you narrow down your search to homes that are within your price range.
It's also important to note that most sellers require a pre-approval letter before accepting an offer. A pre-approval letter shows the seller that you are serious about purchasing the home and have the financial means to do so. This will give you an advantage over other buyers who do not have pre-approval when making an offer on a home.
Having a pre-approval in hand can also help speed up the closing process since the lender has already reviewed your financial information. It's important to keep in mind that a pre-approval is not a guarantee of a loan, but it is a crucial step in the home buying process. By getting pre-approved, you'll be able to make an informed decision about how much you can afford to spend on a home and avoid falling in love with a home that is outside of your budget.
If you need help with the pre approval process, or finding a lender give me a call!
Apply with Stephanie Schumacher at Hills Bank.
https://mortgage.hillsbank.com/homehub/signup/STEPHANIE_SCHUMACHER@HILLSBANK.COM
Apply with Sarah Hughes at Green State Credit Union.
https://mortgageapp.greenstatecu.org/homehub/signup/SHUGHES@GREENSTATE.ORG
Apply with Dan Hillers at Flat Branch Mortgages.
https://myloan.fbhl.com/homehub/signup/DHILLERS@FBHL.COM
Apply with Jake Krob at Mount Vernon Bank and Trust