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Get Approved Before You Search for a Home!

March 13, 2013

A key piece of advice, you should get fully preapproved for a loan before you start seriously searching for a property. Of course, it’s a good idea to get some researching in and go to some open houses to get a sense for pricing and value. But before you start making appointments to see homes, the very first step should be a phone call to the mortgage broker or lender. If you don’t have a clear understanding of the loan amount for which you can qualify, you could end up wasting a lot of time. By “preapproved,” we mean that you will need to assemble and submit all the required documentation and have a bank give the package a thumbs up. Without that bonafide approval, you could run into issues that could derail the purchase of the great house on which you just went into contract. Your lender will also outline what your mortgage payment will be, incorporating property taxes and HOA dues.  If you’re a serious buyer and are ready to write an offer, It’s best to get your paperwork in order now so you can write that offer when the time comes.

FOR A FAST PRE-APPROVAL: Complete a loan application on our website

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Platinum Mortgage Company | NMLS 266371 | DRE 01183898 

Phone: 800-385-3657  |  Fax: 866-598-9987 

Corporate Office: 915 Highland Pointe Dr. Ste. 250, Roseville, CA 95678

SoCal Office: 6 Hutton Center Dr. Ste. 600, Santa Ana, CA 92707

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Conventional – Jumbo – FHA – VOE – SIVA – Hard Money – Commercial   

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