Pre-Approved Mortgage

For anyone considering buying a home, a mortgage pre-approval is the green light you need to begin your search. The brokers at Mortgage Alliance - Shoreline Mortgages, Inc. are your source for all mortgage matters. We browse through countless lending options on your behalf, matching you with solutions customized to your needs.

We make the mortgage application process simple and more straightforward. Regardless of your financial circumstances and goals, we will help you find tailored options. Move into the home of your dreams sooner with our mortgage professionals.

Contact us today to begin the application process.

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Learn more about Mortgage Alliance - Shoreline Mortgages, Inc. Pre-Approved Mortgage

What is a Pre-Approved Mortgage?

A pre-approved mortgage gets you one step further to purchasing your home. It’s a written statement that indicates that you qualify for a mortgage loan. It will specify a term, interest rate, and mortgage rate for which you’re eligible. The estimated mortgage loan amount from the lender will put into perspective a preview of your regular mortgage payments allowing you to plan better. With a pre-approval, you can explore the housing market confidently, knowing what you can afford.

The brokers at Mortgage Alliance - Shoreline Mortgages, Inc. have been matching people with lenders for years. We offer unbiased advice and options to help you make better decisions.

Schedule a meeting with us today to discuss your options.

What’s the Difference Between Pre-Qualified and Pre-Approved Mortgage?

Mortgage pre-qualification and pre-approval are the first two steps toward property purchasing.

To pre-qualify for a mortgage, you will need to fill in necessary information before receiving an approximate, no-guaranteed estimate from a lender. You’ll typically receive a document stating whether you qualify for a mortgage and for how much, within one to three days.

A mortgage pre-approval is a slightly more involved process. It involves filling out an official mortgage application for a lender’s consideration.

Typically, an application will require the following information:

  • Identification
  • Proof of current salary or wage
  • Proof of employment
  • Asset information (properties, cars, other possessions)
  • Expense information
  • Debt information (loans, lines of credit, other financial obligations)
  • Stated proof of ability to pay closing costs and down payment
  • Credit standing

As a result of the pre-approval, you will be presented with a conditional monetary figure stating how much will be lent to you. Depending on the lender, you could even lock-in your interest rate.

Browsing Mortgage Rates and Lenders

We work with countless lenders in order to find customized mortgage products and plans. We will help you in finding the most competitive and affordable options available to you. Plan your financial future with the comprehensive mortgage services of Mortgage Alliance - Shoreline Mortgages, Inc..

Do Mortgage Pre-Approvals Affect Credit Score?

Applying for a mortgage pre-approval is considered a “hard” credit inquiry. Too many hard credit inquiries will affect your credit score negatively. Fortunately, when you apply for several mortgage inquiries within a two-week timeframe, these are only counted as one hard inquiry.

Each of our brokers has the experience, educational background, and credentials to provide outstanding guidance. We simplify the mortgage pre-approval process, helping you navigate technical jargon and procedures to streamline your application process, ensuring that you avoid multiple hard hits on your credit score.

You can depend on our skillful precision and market insights to assist you in making this important investment.

Helping You Get Approved for a Mortgage

Discover how much you can afford to buy. The mortgage brokers at Mortgage Alliance - Shoreline Mortgages, Inc. work with you at each step of the mortgage application process, helping you receive the outcome you want.

To learn more about how our services can benefit you, reach out to one of our brokers today.