Which Comes First – House Or Mortgage Professional

Ideally, you will want to see your mortgage professional first. Why? Because we can help you:

1) get “pre-approved” for your loan placing you in a stronger position when you are “in line” or are bidding on a home,

2) determine how much of a monthly payment you can afford,

3) determine how much home you can afford.

Once you are “pre-approved,” we give you what's called a Pre-Approval Letter (your real estate agent might call it a "pre-qual"), which says that we are working with you, you have met all preliminary conditions for loan approval, and you are approved for a loan for a certain amount.

When you find a house that meets your needs, and you decide to make an offer, being pre-approved for a mortgage will do a couple of things. First, it lets you know up to what figure you can offer. You and your real estate agent will decide on an appropriate offer, but being pre-approved gives you the confidence to know you can follow through.

More importantly, to the home’s seller, your being pre-approved is like you walked into their house with a suitcase full of cash to make the deal! They won't have to wonder if they're wasting their time because you'll never get approved for a mortgage to finance the amount you're offering. In other words, you have the clout of a buyer ready to make the deal right now!

You can always use the calculators available on our site to get an idea of how much mortgage you can afford -- but it's important to meet with us. For one thing, you'll need the Pre-Approval Letter! For another, we will be able to find just the right mortgage program to fit your needs.