For serious homebuyers, the first step in the home buying process is to get pre-approval for a home loan. A mortgage pre-approval is when a certified lender, like Golden Oak Lending, provides an estimate of your loan amount, interest rate, and monthly payment based on a review of your credit score and overall financial health.
15 Year Refinance Mortgage Rate US mortgage rates fall to 3-month low; 30-year at 4.63 pct. – The rate on 15-year fixed-rate loans fell to 4.07 percent from. the week ended dec. 7 rose 1.6 percent from a week earlier, according to the Mortgage Bankers Association. Refinance applications.
Mortgage pre-approval is basically a promise from the lender that you’re qualified to borrow up to a certain amount of money at a specific interest rate, subject to a property appraisal and other requirements. With this meaningful promise, you’ll be likely to get the home you deserve due to your creditworthiness.
Just understand that this is not a guarantee of financing. Things can still go wrong after the home loan pre-approval. As a borrower, your goal is to stay qualified, all the way through to closing. Getting Pre-Approved: Frequently Asked Questions. We receive a lot of questions from home buyers relating to the FHA pre-approval process.
Official page for Wells Fargo home mortgage loans. First-time homebuyer? Our home mortgage consultants can help you get started with a free consultation.
Non Conventional Home Loans Pre Approval For A Loan As you search for a home, there’s an important step to take to help you know what you can afford: getting pre-approved for a mortgage. You might have a sense of your house-hunting budget or the.