Pre-qualification refers to an opinion made on whether or not you are likely to be approved base on the information that you supply. Pre-approval is an actual approval from a lender for a specific loan amount. What may appear like a good deal over the phone could turn out very different at the closing. Instantaneous rate quotes, around the clock, tailored to your specific needs. Closing costs accurately itemized for your review before you apply.
Online applications speed up the loan process.
Lower cost mortgages, as we have eliminated the need for full commissioned loan officers. Be aware that when shopping for a rate, lenders may want to check your credit before providing you with a rate quote. Having multiple credit checks run over a short time may actually lower your credit rating. It is important to know which is which. Have your lending agent explain each of these costs.