Get Pre Approved For Financing

There is a vast difference between being pre-qualified and pre-approved for a loan when you’re ready to buy Boulder Real Estate.

Pre-qualifying is usually handled over the phone. You supply asset information so the loan officer can determine approximately how much you can afford, what your down payment will be, what your monthly payment will be, the loan programs you qualify for, and alternatives and strategies to help you buy the home of your dreams in the Boulder real estate market.

Pre-approval goes one step further. It involves complete verification of asset, credit and employment information. The lender will then issue a full credit loan approval. At this point you will know exactly the maximum loan amount you qualify for and exactly what loan programs you have been approved for – this approval is good for a limited amount of time which varies by lender. The pre-approval process can be going on while you are looking for your new home in the Boulder real estate market. Pre-approval normally shortens the time from contract to closing as the only other conditions such as appraisal, inspection, title insurance, and survey, can usually be completed in 1-3 weeks. Having a pre-approved loan usually strengthens your negotiating position as the Buyer because the Seller doesn’t have to be concerned with your ability to qualify for a loan.

  • If you're thinking about buying or selling Boulder real estate or you just want more information, about relocating to the Boulder area call me today!
    (303) 520-0070
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