Purpose of the loan and property information:The legal address and description of the home. The year the property was built. If the loan is forrefinancing, purchase, ornew construction financing. The lender will also want to know whether the mortgage is for your primary residence or an investm...
Click here to get started Latest News FHA There are lots of good reasons to choose an FHA loan. Click here for more Learning Center The loan process How much can I afford? Refinance analysis What Will My Monthly Payment Be? Mortgage Terms Explained Top...
Bottom line: While pre-approval is a pain, you'll have to pony up all that paperwork sooner or later anyway. Why not do it on the early side and get a head start on the competition and shop for your dream home with confidence? Here's how to start the process ofmortgage pre-approval...
Whether you're looking for a new home or want to refinance your existing mortgage, a pre-approval is an important part of the process.You can easily get started today. How can getting pre-approved help you? If you need a loan to purchase a home, getting pre-approved tells you the amou...
A typical mortgage preapproval letter is valid for up to 90 days, though that can vary by lender. The letter from your lender tentatively estimates how much it is willing to lend you, and on what terms. This can give you a more realistic budget for your home search. A mortgage preapp...
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If you’re ready to make your dream of owning a home a reality, you’ve probably already heard that you should consider getting prequalifiedFootnote[1]or preapprovedFootnote[2]for a mortgage. It’s time to understand exactly what each of those terms means and how they might help you. And...
Turn times vary from client to client, but UMortgage proudly gets clients from loan application (after you've had an offer accepted on a home) to the closing table in 2 weeks. You can read this blog for more insight into UMortgage's homebuying process. ...
Mortgage preapprovals are essential for homebuyers, especially first-time buyers. They help strengthen your offer by showing sellers you're financially ready.
Preapproval of Mortgage Important as Home Inventory Drops