Our team of local financing experts are ready to guide you through the home buying process. We are committed to fast, professional, courteous and personal service to help you understand and feel at ease throughout the home buying process. Our trained and certified loan originators specialize in financing homes in the Greater Illinois Count and surrounding area real estate market. We are prepared to find the right loan program with the lowest interest rates and lowest down payments available.
Does it help to be pre-qualified by a lender?
The pre-qualification process can be completed fairly quickly, based on less Information than Is required for getting preapproved.
While it is fast and it does help, a pre-qualification letter is an opinion from a lender of the maximum amount
of real estate you can qualify for. In a competitive seller’s market, an offer from a buyer with a pre-qualification letter
could lose out to a person who is pre-approved.
Get Pre-Approved by a Lender
There are several benefits to going the extra mile and getting a pre-approval letter. First of all, you will know exactly
how much real estate you can afford. When you find a property you want to buy, your offer will be in a better position
than someone less prepared. Finally, being pre-approved Is more efficient; It reduces the amount of time it will take
your lender to fund your loan. Be prepared to provide comprehensive documentation, which the lender may
independently verify, including but not limited to:
• Job and career status
• Monthly debt payments
• Cash available
• Total assets and debts