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Mortgage
Pre-Approval

Don't let paperwork become a roadblock. Get your financing ready before you start house hunting.

What is a Mortgage Pre-Approval?

Mortgage Pre-Approval is a detailed initial evaluation to determine how much mortgage you would qualify for.

Why get a Mortgage Pre-Approval?

A mortgage pre-approval will a mortgage-lender or mortgage broker to figure out how much mortgage you might qualify for.

What gets looked at? Assets (what you own), Income (how much money you make or receive), how much debt you have (credit cards, line of credits, car loans/leases, student loans, etc.)

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Mortgage pre-approval will show:

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  • An estimate of the potential mortgage amount you may qualify for (this is not guaranteed, just a guideline)

  • Get an estimate on what you mortgage payment may be

  • Secure / Lock in an interest rate (generally between 60 - 120 days depending on the lender, new builds up to 12 months)

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Sellers like prepared buyers. Having a pre-approval provides assurance for your real estate agent and the seller when you're ready to make an offer on a house, showing the likelihood of successfully completing the purchase.

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What does my lender need for pre-approval?

There are many things on an application that gets looked at during pre-approval. You will need to provide your lender with

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  • Identification

  • Income (employment and/or other income sources)

  • Down Payment and closing costs

  • Information about your assets

  • Information about your debts and other financial obligations

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What are the steps for Mortgage Pre-Approval:​

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Step 1: Discovery Call

Let's connect and discover your personalized mortgage journey. We will go over what your goal is, whats important and questions you would have.

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Step 2: Gather required documents and fill out application

Common documents you'll need to show are:

  • Identification

    • drivers license and passport are acceptable proof​

  • Proof of Employment

    • most lenders will accept a letter of employment from your employer and a current pay stub​

  • Proof of Down Payment

    • current statements for where your down payment will be coming from​

Application will take about 5 - 10minutes to fill out.

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Step 3: Wait for the pre-approval

Process will usually a few days to a few weeks, depending on if there are additional documents required, rate holds, etc.​

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