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How do I get preapproved for a home loan? Use this free guide

December 8th, 2021 2:18 PM by Holly Ecimovic

"How do I get approved for a home loan?"

"What paperwork do I need for a home loan preapproval?"

"What's the difference between a pre-qual and a preapproval?"

"Can I get preapproved for a home loan if I have bad credit?"

"Can I get preapproved for a home loan if I am under age 30?"

If you're a first time home buyer with questions on your mind, you've come to the right place.

First, go ahead and grab this complimentary guide we created: 7 Tips on Getting Preapproved for a Home Loan.

Above, we listed common questions that home buyers may have when it comes to the loan process. Read on for a complete guide from our team on preapproval, and you can even grab this complimentary booklet: How to Get Preapproved for a Home Loan.

Are you pre-qualified or pre-approved for a loan?

Before you begin to shop for a new home, you should set up a time to meet with our team at Contemporary Mortgage Services, Inc. so we can figure out how much you can afford. This will put you in a better position as a buyer. That’s when it is important to understand the distinction between being pre-qualified for a loan, and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house.

To get pre-qualified for a loan, we will collect information about your debt, income, and assets. We’ll look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you. We will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow.

Fill out a free online loan application on our website, HERE

Give us a call today to talk about your needs, and which home loan will be ideal for you: 407-834-3377.

Posted by Holly Ecimovic on December 8th, 2021 2:18 PM

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Contemporary Mortgage Services, Inc

498 Palm Springs Drive Suite 220
Altamonte Springs, FL 32701