Start your application to purchase your
dream home or refinance today!
Looking to see what you may qualify for?
Get prequalified today!
If you're looking into real estate and home shopping recently, you've probably realized that the availability of houses for sale is limited, and the competition is fierce. Of course, this varies by neighborhood, but on average, we've found that there's only about 3.5 months' worth of new real estate available versus the usual 6 months' worth.
But despite this stiff competition, it's still a great time to buy! Here are the top advantages of getting preapproved for a mortgage before getting serious about shopping for a home.
There are some instances where real estate agents are declining to show homes to potential buyers unless they have a preapproval letter upfront. Getting this done before starting the house hunt ensures you're able to view and make an offer on any house that catches your eye.
The process of getting preapproved helps to clarify how much you can afford to pay in monthly mortgage payments. That way, you have an affordability budget in mind and a good idea of the mortgage payments.
Getting a mortgage preapproval also gives the seller confidence! Since preapproval means that an underwriting team has already verified your buying power, the seller can feel assured in accepting it. Some sellers may even view a preapproval-backed offer as solid as a cash one!
The mortgage preapproval process becomes even more attractive when you utilize our convenient online mortgage preapproval process. From the comfort of your home, we can securely pull your credit to verify your income and assets. With just a few clicks, you can submit your documentation for items like pay stubs, tax returns, and W-2s and even virtually connect to your financial institution to verify assets. And, of course, a real-life mortgage professional is available to guide and advise you every step of the way.
If you are, then start your preapproval process today! It only takes minutes to complete the secure online application, and you can even save it to finish it at a later time. Have more questions? We've got answers! Contact us today for all your home loan and refinancing needs.
Our Website strives to ensure that its services are accessible to people with disabilities. Our Website has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Our Website makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows tr212061.lhp207.lhpdomains.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
Our Website accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
Our Website continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Our Website website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on Our Website website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: ClearLake@HomeTrust.com