Yes, applying for a mortgage loan before you find a home is actually an excellent idea. When you apply for a mortgage before you’ve found a property, ALEC issues an approval subject to you finding a home to purchase, instantly issuing a pre-approval letter.
With a preapproval letter, real estate brokers and sellers will know that you are dependable as a qualified buyer. Being pre-approved for a mortgage can give more weight when you put in an offer on a house.
Once you find the right home for you, all you have to do is call an ALEC Mortgage Loan Officer, and it’s time to complete your application. You can lock in your great rate, any accompanying fees and closing costs, and we’re ready to complete the processing of your request.