Primary and Investment Properties
A mortgage pre-approval is a commitment from a lender or the stamp of approval that you have the money, credit history, and other credentials to buy a home up to a certain price.
What does mortgage pre-approval mean? It means a lender has guaranteed to give you a home loan once a few conditions are met.
Getting pre-approved for a mortgage before you go looking at properties or making an offer is a must.
5 Reasons You Want a Mortgage Pre-Approval
A pre-approval gives you a great idea of how much of a mortgage you can afford and what price range you should be in.
Getting pre-approved will help identify potential issues before going under contract, such as an error on your credit report. It's better to deal with this during the pre-approval process before wasting valuable time and money.
A pre-approval from a credible lending institution gives you an added advantage over other buyers that have not taken the time to have their documents reviewed by a lender. In a competitive marketplace, you want as much leverage as possible and to give yourself the best opportunity to have your offer accepted by the seller.
Many realtors will not work with a non-pre-approved buyer. Get pre-approved with a credible verifiable source.
A strong pre-approval expedites your closing time because the vast majority of your information is already in our system.
Get pre-approved today with AMS so you can go house hunting tomorrow!!!