Town & Country, Keller Williams Realty
When preparing to buy a home, many potential buyers turn to online preapproval to jumpstart their loan process. While it’s a good idea to compare multiple lenders to find the best down payment option and interest rate, getting mortgage preapproval online can have its advantages.
Prequalification for a mortgage is based on a basic overview of your financial situation and the types of loans available to you. Prequalification is helpful for potential borrowers who want to know their options before getting into an official vetting process.
Mortgage preapproval is the official statement from a lender showing you’re financially equipped to pay for a specific loan. Unlike prequalification, mortgage preapproval requires official financial documents like bank statements, pay stubs and W-2s. It also involves a credit report to gain insight into your financial details.
Many lenders offer online application processes for gaining a preapproval letter. Some lenders operate entirely online, making the process extremely convenient and streamlined. However, you still need to provide specific documents, so it’s best to gather this information beforehand to ensure it goes smoothly.
While preapproval doesn’t immediately give you the money to buy a home, it’s an important step to take in your homebuying journey. Not only do many real estate agents require proof of mortgage preapproval before helping your home search, but it will give your eventual offer more weight in a competitive market.
Getting preapproved for a mortgage loan also means you’ve done most of the work for your mortgage ahead of time, and won’t need to do as much work during closing. This can make your buying process much smoother and quicker, giving you more time to focus on moving into your dream home.
My Real Estate career began in 2008! Coming from a finance background I knew this was something I could take far, & in 2012 I opened up Town & Country Realtors through Keller Williams in Aubrey! I have served on the Agent Leadership Council & have been a Top Producer for multiple years with Keller Williams and Town & Country Realtors. I now have 3 buyers agent's that work under me and I am loving every minute of teaching them and learning new things from them as well.
I specialize in assisting clients who are looking to sell or buy property in the North Texas area or it's surrounding areas. I have a comprehensive understanding of the market & am skillful in strategic pricing & marketing.
