Gain the Buyer’s Advantage with a Pre-Approval

Colorado Mortgage Lender - Pre-Approval - Security First Financial

It’s generally a good idea to get pre-approved for a mortgage loan. In this competitive housing market, a pre-approval gives you the upper hand and allows you to make an offer on the spot when you find your dream home.

Why should I get a pre-approval?

Recently, the housing market has become more competitive. A pre-approval allows a mortgage underwriter to take a thorough look at your finances and credit history — uncovering any potential issues well before you’re obligated by contract to purchase a home.

What advantages does it give me?

Because a pre-approval requires an underwriter to review your credit history, income, assets and debt, you can obtain a clear estimate of how much you can spend on a new home. Understanding your budget will help you confidently negotiate with sellers. Plus, sellers will be more confident in you as a buyer. You’ll have an advantage over other buyers who haven’t been pre-approved.

Will my pre-approval expire?

If you don’t make an offer within 90 days of credit review, it will expire. If you need to renew your pre-approval, just contact us and we’ll help you.

What are the up-front fees?

No fees are collected in the pre-approval process.

What if I change my mind?

That’s perfectly fine. A pre-approval doesn’t mean you’re committed to getting a mortgage with us or anyone else. It simply helps you understand the home-buying process and how much you can afford on a new purchase.

Purchasing a home is a lot easier when you have gone through the pre-approval process with your lender before you make an offer. We’re here to help you get started.

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* Opinions expressed are solely my own and do not express the views of my employer.

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