Loan Pre-qualify/Pre-Approval

For non-cash buy borrower, before start looking a home,  it's very important to know how much you can comfortably afford. Loan prequalification (through mortgage broker) or loan pre-approval (through direct lender) is a process to provide a professional opinion about the maximum loan amount and interest rate you can afford based on your monthly income, debts and credit history. It avoid unknown risk about your loan and gives a peace of mind when you making offers. Most agent and seller will also require it before considering your offer.

• Steps for Free Loan Prequalification/Pre-Approval

• Why most borrower choose Mortgage Broker Instead of Direct Lender? 

Steps for Free Loan Prequalification/Pre-Approval

• Call us for a free consultation on your purchase loan pre-Approval

• Download, fill and sign Standard Loan Application and Pre-approval Disclosure Forms

• Email or fax us income and asset documents according to our loan document checklist

We will issue Prequalification or Preapproval letter to you within 1-2 business days.

• With your prequalification /pre-Approval letter, now you can buy with peace in mind

Why most borrower choose Mortgage Broker Instead of Direct Lender? 

Statistics showing over 75% loans originated in US by Mortgage Broker in today's market. The reason is Mortgage broker is Independent Wholesale Broker. "Independent" means broker can choose any many lender instead of one lender. "Wholesale" means broker get wholesale pricing instead of retail pricing. Most time broker will bid lender from interest, fee, solution and service and bring more benefits to borrower.

Mortgage Broker is:

• Your One Stop Shop and Single Point of Touch for your loan who save your a lot time and efforts

• Full time well-trained professionals who know better to analysis and handle your loan

• Collect your document Only Once and reuse it anywhere

  • Different lender might have different pre-approval system, result from one lender might not re-usable with other lenders

  • You don't want to spread your private financial information anywhere to any people unless you really close the loan with them

  • In case for some Bank Owned property might need pre-approval from specific direct lender, broker can cooperate with lender to save your time and effort

• Run your Credit Score Only Once and reuse it anywhere

  • Broker Tri-merged Credit Bureau credit report is recognized and accepted national wide

  • Don't run too many credit reports which will drop your credit score dramatically

• Better rate and more benefit for you. The following table is a simple illustration.

Any questions, please don't hesitate to Contact Us!