Why Should I be Preapproved for a Mortgage Loan?

Take the Smart Step in Home Buying:
Tens of thousands of new homebuyers take to house hunting searching either on the internet or in the field each day.  The majority of them are not pre-approved for a mortgage and this could cause them to waste their time and not get an offer accepted.   Getting a pre-approval upfront is a really smart tactic because it gives you power when searching and making offers on a home.  Being pre-approved, tells the seller that you are serious and do not want to waste the sellers time when an offer is accepted by them.  It tells the seller you have pure intent on purchasing their home and that you want to close the purchase transaction in a short period of time. Usually,  within 30 to 45 days.  Homeowners like this and will most often take your offer over others, even if it means that they need to contribute to your closing costs.

Getting a pre-approval is an easy process and takes a short amount of time.  All you need to do is take an application with LendPlus Financial and talk to one of the seasoned loan agents who team up with the underwriter to give you the best information and service in the marketplace. Another good thing about getting a loan pre-approval upfront is that you will know exactly what you need in relationship to fund, credit , current debts and income for qualifying purposes.  Mentally, you will know your ready to purchase a home and it will more than likely, become a closed transaction.

If you are currently working with a Realtor, have that person contact us so we can go over your pre-approval and provide them the information needed to get the seller to pay for some of your closing costs.