Preparing to get a mortgage is something buyers should think about prior to attempting to get pre-approved from a bank, credit union or mortgage company. Your credit and income are the two main components involved with getting pre-approved for a mortgage loan. The better your credit is the lower your interest rates and monthly payments will be. This means you will ultimately spend less on the amount of money you are borrowing for your home loan. This can mean huge savings considering the repayment time length of most mortgage loans. Keeping your monthly mortgage payments as low as possible and the amount you are charged for the home loan is very important as it relates to your financial responsibilities.

 

Many people tend to focus on the type of home they would like to buy but they often fail to look at the bigger picture regarding their finances and potential future issues that may arise with their income and debt responsibilities. Perfecting your credit as much as possible can save you money and help with unforeseen issues that may arise in the future.

 

Buying a home is usually the biggest financial investment made in most people’s lifetime and therefore it should be well planned and thought out. This is why we assist our buyers with the mortgage process by going a step further and making sure the buyer has prepared their credit worthiness prior to being pre-approved for a home so they will receive the best mortgage deal possible.

 

We have teamed up with a proven service that can assist buyers who need help improving their credit prior to applying for a mortgage loan. Before we advise a buyer to use the service we perform an analysis of their situation. Sometimes only a few tasks need to be performed (which the buyer can do themselves) to improve their credit and chances of getting pre-approved at a great rate. Only certain situations will require a buyer to use this service, often times many people will not need to.

 

If you know issues exist on your credit report then fill our mortgage ready form and we will review your situation and give you free advice on what you should do to get pre-approved for a mortgage loan.