Recent news suggests that banks are abandoning mortgage pre-approvals even though they are an essential part of the home shopping and loan approval process. Don’t fret! You can still get your mortgage pre-approval and piece of mind from Inlanta Mortgage.
Mortgage pre-approvals are written commitments that lenders give to home buyers that include the maximum size home loan they can get as well as the likely interest rate. Many buyers rely on pre-approvals to make sure they are shopping for a home within their price range. Since a pre-approval requires a credit check and asset and income verfication – home owners have a more realistic idea of what type of home they can afford.
Mortgage Pre-Approvals Help Home Buyers
Sellers and Realtors® prefer to work with homebuyers that have pre-approval letters. Mortgage pre-approvals indicate to sellers that a prespective buyer is serious. Often times sellers won’t even consider your offer without a mortgage pre-approval letter from a licensed mortgage loan originator!
Mortgage Pre-Approvals Speed Up Loan Process
Since a mortgage pre-approval requires a credit check and income and asset verification, a lot of the same information required for the formal loan approval has already been collected. This can speed up your loan process considerably. Typical documents required for a pre-approval include:
- Bank statements
- Drivers License/Identification
- Proof of IRAs or retirement accounts and their balances
Get Your Mortgage Pre-Approval Today!
Use our branch locator to find a licensed mortgage loan officer near you, or apply online now. If you apply online now, we will match you with a loan officer licensed to originate loans in your state. Begin gathering the required documents now to speed up the formal loan approval process!
Our Mission Statement
Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.
About Inlanta Mortgage
Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. We are currently celebrating our 20th Anniversary! Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.
Inlanta Mortgage is privileged to have received a number of awards both locally and nationally. Read more about Inlanta Mortgage’s awards.