3. How Can I Shop For A Home Loan?

Getting Pre-Approved For A Mortgage

Once you’ve been matched with a lender, it’s time to get a pre-approval for the loan amount you need.  A pre-approval is simply a commitment from your lender to let you comfortably search within a given loan amount, which is not tied to a specific property.  To be pre-approved, a lender must complete a review of your current financial status (gross monthly income) and debt information.  When approved, the lender has determined your risk and decided that you have the ability to pay back the loan.  Ask your lender for a pre-approval letter and give it to your real estate agent.  This will make potential negotiations between you and the seller a lot easier as they can see that a lender has cleared you for the sell price of the property.

Search For The Right Lender

Mortgage Align is a great place to start for your ideal lender.  We have a database of nearly 1,000 lenders from across the United States.  When you fill out one of our free mortgage consultation forms, our proprietary software matches the information you submitted with the best possible lenders.    Our lenders can match your needs against government loan programs like FHA or VA or your state and local housing programs.  You will receive their contact info immediately and can begin the path to obtaining your new mortgage.  Talk to the lenders recommended by Mortgage Align, compare costs and shop interest rates, negotiate to get the best deal for you and your family.

How Can I Shop For A Home Loan?

To effectivley shop for a home loan you must search for the right lender and get approved for a mortgage.  You can start right here at Mortgage Align.