Preapproval Guides

How Much Will My Monthly Payment Be?

A question looming large in your mind during the home loan preapproval process is probably “How much will my monthly payment be?” There are a lot of factors that will play into your monthly payment am...

How Much Will My Down Payment Be?

As your home loan application is being preapproved, you may be wondering “How much will my down payment be?” If you think you have to have 20% saved up for a down payment before even thinking about bu...

How Long Does a Mortgage Preapproval Last?

Once you’ve gone through a home loan preapproval process and received your preapproval letter, you can start looking for your dream home. However, sometimes the hunt can take longer than you expect, e...

What Is the Difference Between a Standard Preapproval and an Underwritten Preapproval?

When you are getting ready to apply for a mortgage preapproval, you should realize there are two different kinds of preapproval. Where you are in the home shopping process will determine which kind yo...

What Documents Do I Need for Mortgage Preapproval?

You're ready to start house hunting, and you know the best first step to take is to get preapproved. What documentation do you need, and how should you go about providing it to your loan officer? Get...

Should I get pre-qualified or preapproved? What’s the difference?

What’s the difference between a home loan prequalification and a mortgage preapproval? It’s pretty much the difference between getting a “maybe” and an “almost certainly” in response to a yes or no qu...

What is the preapproval process and what do I need? Where do I start?

You know you need to get a preapproval letter to have the best chance of buying the home of your dreams. What goes into the preapproval process, and what do you need to get successfully pre approved?...

Why Should I Get Preapproved Before Shopping For a Home?

Wondering what the big deal about getting approved is? Here’s why you should get preapproved before shopping for a home. A preapproval letter is more than a prequalification It’s easy to get prequal...

How Long Does It Take to Get Preapproved For a Mortgage?

You’ve been saving your money for a down payment, working on your credit, and paying down your outstanding debt. Finally your finances are in order, your life is on track, and you’re ready to stop pay...

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