article thumbnail

Why Pre-Approval Is Even More Important This Year

Keeping Current Matters

If so, you may have heard the term pre-approval get tossed around. On the road to becoming a homeowner?

article thumbnail

Why Pre-Approval Is Your Homebuying Game Changer

Keeping Current Matters

If you’re thinking about buying a home, pre-approval is a crucial part of the process you definitely don’t want to skip.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

VA removes pre-approval process for some loans?

Housing Wire

The Department of Veterans Affairs last week announced it is streamlining the loan approval process for borrowers with a VA-appointed fiduciary and for veteran borrowers who apply for a joint loan. Loan closings could not proceed until the VA issued its approval, which resulted in a drawn-out process. appeared first on HousingWire.

article thumbnail

Does a Mortgage Pre-Approval Expire?

RIS Media

Before you buy a home, unless you have the cash to purchase outright, you’ll need to get pre-approved. Understanding how mortgage pre-approvals work is essential. This means finding a lender that offers the type of mortgage you want and then going through the pre-approval process.

article thumbnail

Understanding a Loan Pre-Approval 101

Realty Biz

Glossy online listings behind your computer screen might fuel your dream home fantasy, but the home-buying process truly begins in earnest when a lender is contacted to be pre-approved for a mortgage. Once this process is complete, the lender will provide you with a pre-approval letter. When Should You Get Pre-Approved?

article thumbnail

How Do Mortgage Pre-approvals Work?

RIS Media

An essential part of the home-buying process is getting pre-approved for a mortgage. When your lender has checked your finances, they will issue a pre-approval letter. A common question among buyers is how long it takes to… The post How Do Mortgage Pre-approvals Work? appeared first on RISMedia.

article thumbnail

How to Increase Your Mortgage Pre-Approval

RIS Media

Include… The post How to Increase Your Mortgage Pre-Approval appeared first on RISMedia. Check your credit reports for errors and make payments on time. Reduce your debt-to-income ratio by paying down debts and/or increasing your income.