Get your Pre-Approval Now!

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Lenders are packaging pre-approvals in many different ways today. Some are using rockets, colored buttons, fancy names and clever animation. I believe consumers are better off armed with more facts and less flash…after all, the real issue is, can you get financing to purchase a home? Here is my best advice.

A pre-approval should be offered at no cost with no obligation. If a lender has the opportunity to assist you with a pre-approval, they should be happy to provide that service and have the opportunity to earn your business.

A valid pre-approval must ALWAYS include accessing your credit report. Lenders who claim they can offer a valid pre-approval without accessing your credit are not offering you a valid pre-approval. They are only trying to generate leads. Find a new lender.

Your lender should be willing to spend time discussing your home purchase goals. Developing a plan and issuing a pre-approval go hand in hand. Your pre-approval should reflect the plan you have discussed with your lender.

Ask questions and expect your lender to give you clear and concise answers. If you feel like you’re getting the run around, it is time to find a new lender.

With homes selling fast and many receiving multiple offers, getting pre-approved puts you in a better competitive position to have your offer to purchase accepted by the seller. As the Scouts say, “Be prepared!” Entering the market with a valid pre-approval means you’ll “be prepared” to take action when you find that dream home. Spring is here…happy house hunting!

Contact Wisconsin Mortgage Corporation today to get your pre-approval! 262-786-5250.

-John Inzeo, Vice President, Wisconsin Mortgage Corporation

Tags: first time home buyer, Home Buyer, home purchase, Loan, Mortgage, pre-approval, shorewest, shorewest family, Shorewest Realtors, Wisconsin Mortgage Corporation

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