Tag: pre-approval process

Benefit 3 – Avoid contractual problems by getting pre-approved by a reputable lender

Posted on by Evan in Swanson Home Loans Blog - Mortgage Rate Updates and More

Did you know the standard Residential Real Estate Agreement commonly used in Oregon allows the seller to prevent you from switching lenders or loan programs?

In this short video I explain the third benefit of being pre-approved for a home loan prior to starting your search:

Consumers should take the time to compare lenders prior to starting their home search because once they are in an accepted offer they need the sellers written consent to switch lenders.

If you would like to get pre-approved then please contact me today to get the process started!

Benefit 2 – Avoid surprises by getting pre-approved before you start your home search

Posted on by Evan in Swanson Home Loans Blog - Mortgage Rate Updates and More

Are thinking of buying a home and wondering when you should get pre-approved?  Unless you are open to the potential for an unwanted surprise, I recommend you get pre-approved early on.

In this short video I explain the second benefit of being pre-approved for a home loan prior to starting your search:

By taking the time to get a mortgage pre-approval ahead of time a competent lender will be able to properly set your expectations for monthly payments, closing costs, and down payments.  This way, you can direct your home search at a level that is financially sustainable for you.

If you would like to get pre-approved please contact me today to get the process started!

Looking to get pre-approved? Read this first……

Posted on by Evan in General Mortgage Info., Mortgage Qualification

In order to make the pre-approval process as smooth as possible as well as to prevent last minute surprises from occurring it is important that we take a thorough application and collect the proper income and asset documents at the outset of the application process.

MSN published this article this morning on how to WOW a mortgage lender.  I must concur with their comments.  The article also provides a nice summary of the “4 C’s” which I covered in this previous blog posting.