Getting a Legitimate Lender and Getting Pre-Approved

Getting a Legitimate Lender and Getting Pre-Approved


Back to Table of Contents

It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today’s market, that has proven to be one of the least effective methods in landing the dream home.

Most lenders can pre-qualify you for a mortgage over the phone. Based on general questions about your income, debt, assets, and credit history, lenders can estimate how much mortgage you qualify for. However, being pre-qualified and pre-approved are different things. Pre-approval means that you have applied for a mortgage; you have filled out the mortgage application, received your credit report, and verified your employment, assets, etc. When you are pre-approved, you know exactly what the maximum loan amount will be.

A pre-qualified letter is not verified and in essence, does not count for much if you are competing with other buyers who are pre-approved. When you are pre-approved, you and the seller know exactly how much house you can afford. It gives you credibility as an interested buyer and lets the seller know immediately that you will qualify for a loan to buy their property.

In addition to being pre-approved, it’s important to be pre-approved with a legitimate lender. Legitimate lenders include: banks, mortgage bankers, credit unions, savings and loan associations, mortgage brokers, and online lenders.

Some lenders to avoid: those who lose a form or misplace a file, those who gather information from you in an unorganized manner, those who are not informed about interest rates, points or costs, and those who cannot provide you with the right information.


Back to Table of Contents

indian college girl hd image xxxvideo.name pooja sex videos
datingfug com pornon.org wwwtamilsix
sex yoga videos ztube.mobi tamilbf
سكس محجبات جديد arab-porn.org نيك المعلمة
www.bhabhi sex.tk sexyindianporno.com hindi nangi sexy video
بورنو شيميل sexoyporno.org سكس شاب ينيك امه
bangla xvideo licuz.mobi bhojpuri sex in
masalaxxx chupatube.info indianhdxxx
thamilxvideos prime-porn.com live telugu sex videos
open sex video youtube cowporntube.com english sex poto
xxphot pornstarstube.info sultload.com
cleavage show anal-porn-tube.net super sexy video download
indian nude leaked foxporns.mobi antrwasna
indian sexy live indiandesiclips.com 3x movie indian
xxx katrina themovs.info indiansex18