Mortgage Pre-Approval

Mortgage Pre-Approval ...

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Get pre-approved for a mortgage.

Buyers who haven't demonstrated their financial ability to purchase a home are generally not taken seriously by home sellers, and by many agents.

A simple loan pre-approval letter, preferably from a well-respected local mortgage broker, is a must.

The First Step

Before beginning your new home search, It's very important to know in advance, how much home you can afford to purchase. The fact that you are pre-approved gives you much more confidence when looking at homes, plus the fact that you are halfway there to a mortgage commitment. Both sellers and realtors look more favorably at pre-approved buyers especially in a hot market when listing do not last long. In fact, some sellers insist on only having their homes shown to pre-approved buyers.

To get pre-approved, select a bank or mortgage and meet and discuss your plans and finances. A good mortgage broker will do a very thorough and accurate job so that when you finally make application for a mortgage, after you've secured a "Purchase and Sales" agreement, the application approval time may be greatly reduced. The pre-approval letter, which almost guarantees that you will be approved for a mortgage, can be obtained in a few days.

“The Indy Home Team” has partnered and developed working relationships with several mortgage companies in the Indianapolis metropolitan area. We can help you select a mortgage broker who can help you with your goals.

Call us today to get started !