Ways to Get Pre-Approved



If you're ready to get started on the home-buying process, getting pre-approved is a must! Pre-approval simply means that a lender has checked your credit and verified your documentation to approve a specific loan amount (usually for a particular period, such as 90 days). This is the first step that you'll take in securing a loan for your new home. 

There are a few ways you can go about getting pre-approval when we work together in the home buying process. 


FIND A LENDER

I will help you find a good lender to work with. You'll be able to choose from lenders in my database and lenders I've worked with in the past. 


FILL OUT A MORTGAGE APPLICATION

The lender will provide a mortgage application and you will provide your identifying information so that the lender can pull your credit information. Mortgage credit checks count as a hard inquiry on your credit reports, and may impact your credit score, so keep that in mind.


GET A LOAN ESTIMATE

After the application is submitted and your credit is pulled, the lender will provide you with a loan estimate. A Loan Estimate states whether the mortgage has been pre-approved and outlines the loan amount, terms and type of mortgage, interest rate, estimated interest and payments, estimated closing costs (including any lender fees), an estimate of property taxes and homeowner’s insurance, and any special loan features. It also specifies a maximum loan amount based on your finances.


Are you ready to get started? 
Contact me today if you're interested in buying a new home. 

Jennifer Mott, Realtor
Mobile Phone: 515-681-2541
Contact Me by Email