Up
How to buy home with damaged credit
determine if you should refinance”
Many homeowners believe that to maximize their home sale they should sell it themselves.  At first glance, they feel selli...
Making a mistake in selling a home can cost you hundreds or thousands of dollars in lost profit.  Often home sellers make ...
poor credit?”
How Can I Buy With No Money Down?
How do I Find the best deals?"
No-Points No-Fees Home Financing Advantage!
“Behind in taxes, can I refinance my troubles away?”
mortgage/msword/0021.html
repair credit? “
“Could anything delay approval of my loan?”
5 Reasons Banks  use mortgage brokers?
Sources for Obtaining a Mortgage
Conforming Loans
“How do I know which type of mortgage is best for me?”
“What is a FHA or VA mortgage?”
“What is Pre-qualifying?”
“What is the difference between getting pre-qualified and pre-approved?”
“Think about filing bankruptcy? How will it affect your home?”
government loans?”
“How does the Mortgage process work ?”
APR?”
Negatively Amortized Loans
“Why Do Mortgage Rates Change?”
talk mortgage”
“What are the six steps in negotiating real estate?”
8 Free Tips That Can Save You Thousands When
Beware Of The Realtors Referral To A Specific Lender, It May Not Be The Best Choice.
recommendations
“What are the benefits of using a Buyer's Agent?”
“Why Do Mortgage Rates Change?”
Are there loan programs for the self-employed with hard to document income yet,  making good  money?
“How to determine if you should refinance”
Refinancing your house
How and why do I get my loan before buying my home?
“What is Private Mortgage Insurance (PMI)?”
“What is a FICO Score?”
“How do mortgage brokers set pricing?”
“8 Free Tips That Can Save You Thousands When
“How does the loan approval process work and why do some people get rejected?”
“What is FANNIE MAY?”
“Will I need a co-signer, and how will they be affected or involved?”
“I am getting behind in my payments, what are my options?”
points
How Much Are Closing Costs In Buying A Home?
How To Avoid The Biggest
“How does high levels of debt affect my home buying power?”
FSBO Lead Generation Letter
BUY a home for less than Rent
3 Items First Time Buyers Should Know. (Lenders)

Thank you for using our 425.com mortgage website. You have requested information on

How and why do I get my loan before buying my home? There are two ways to buy a home...contingent and all cash. The word contingent is a real estate term meaning not yet approved for your mortgage. The term is used to explain that a persons offer to purchase real estate is contingent upon the buyer qualifying for the loan to complete the transaction. This type of offer is generally less favorably to a Seller considering which offer to accept for their property. In order to bolster your negotiating position, you should be pre-approved prior to beginning the negotiating process. By being Pre Approved you have now moved from being a contingent buyer to an all cash buyer.

Pre-approved means that a mortgage or real estate professional has examined, submitted and received acceptance on your financial capabilities of qualifying for a mortgage based upon your income to debt ratio, loan information, and credit profile. Many times borrowers are told they are pre-qualified prior to the lender examining in detail the borrowers complete financial profile. This leads to great frustration and disappointment.

With a pre-approval you can close the loan faster and often will find your offer more acceptable to the seller. If you are about to begin the process of buying a home we would strongly recommend pre-approval over simply being pre-qualified. The loan professional that has made this information available to you specializes in assisting individuals in the home buying process. Your loan professionals in most cases can advice you on the best approach and help you get the home of your dreams!

Call Us: Toll Free: 1-866-449-7263
Got a question? Email Us

Open 8:00AM - 8:00 PM - 7 days a week