A mortgage pre-approval, by a licensed, Your Mortgage Your Way mortgage agent can help you determine your exact budget i.e. the amount you can absolutely not go over. We do a more thorough verification prior to having you look for your dream home empowering you with knowledge and information on the process ahead.
A YMYW mortgage professional will let you know for certain what you can afford based on lender and insurer criteria, and what your monthly payments on a specific mortgage will be. This information is extremely valuable in order to plan your future budget.
We can lock-in an interest rate for you for anywhere from 60–120 days while you shop for your perfect home. By locking in an interest rate, you are guaranteed to get a mortgage for at least that rate or better. If interest rates drop, your locked-in rate will drop as well. However, if the interest rates go up, your locked-in interest rate will not, ensuring you get the best rate throughout the mortgage pre-approval process.
In order to get pre-approved for a mortgage, a YMYW mortgage agent requires a short list of information that will allow them to determine your buying power. We will explain to you the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products we believe will most likely meet your needs the best, plus we will review all of the other costs involved with purchasing a home.
Getting pre-approved for a mortgage is something every potential home buyer should do before going shopping for a new home. A pre-approval will give you the confidence of knowing that financing is available, and it can put you in a very positive negotiation position against other home buyers who aren’t pre-approved.
Let’s get started and set you up with an appointment to get that pre-approval out of the way!