Why Get
Pre-Approved?
In today’s marketplace, you need a pre-approval* letter. Not a prequalification letter. While they sound somewhat the same, they really mean two different things entirely and if you have the wrong letter in your hand, the sellers may decline your offer and accept another.
Going through the mortgage pre-approval process helps prevent last-minute issues from arising throughout the loan process. A pre-approval from Ideal Lending puts you and the seller at ease knowing you are financially capable of following through with the purchase of the home.
WHY IDEAL LENDING?
5.0
16+
Importance
of a Pre-Approval
Know How Much You Can Afford
Finding the right home at the right price begins with knowing what you can afford. A mortgage pre-approval based on your income and expenses gives you the home buying budget you need.
Shop With Confidence
Knowing the specific loan amount you are approved for allows you to search within your price range enabling you to shop with the confidence of a cash buyer for your new home.
Save Valuable Time
Your pre-approval will provide your real estate agent with the financial information they need to focus your search on homes that you can afford, saving you both valuable time.
Make An Immediate Offer
With an Ideal Lending LLC pre-approval you’re able to make an immediate offer the seller will take seriously in a highly competitive real estate market.
Close The Deal Quickly
The sooner you close, the sooner you can move in. Your pre-approval means your loan application is already in process. Once your offer is accepted you and the seller can expect to save time and close the deal quickly.
*A pre-approval does not constitute a loan commitment or guarantee of a loan. Pre-approval is subject to a satisfactory appraisal, satisfactory title search, and no meaningful change to borrower’s financial condition.