| Directors Mortgage Pre-Approval |
With a Directors Mortgage Pre-Approval, you are one step closer to turning your dreams of home ownership into a reality.
What does "Pre-Approval" mean?
While it is not a guarantee of your loan application's acceptance, a Directors Mortgage Pre-Approval means that your lender has reviewed your financial status and credit rating and is willing to underwrite up to a specific loan amount. It also states which types of programs you qualify for and the interest rates that you will receive for those programs.
Benefits of Pre-Approval
- Confidence – Shop efficiently and effectively by knowing how much your bank is willing to lend.
- Priority treatment - Real estate agents show preference to organized buyers who have their financing in order.
- Stronger Offer - In a competitive bid situation, the pre-approved buyer is a more attractive candidate.
Please Note: A Pre-Approval from Directors Mortgage Inc. does not obligate you to borrow from Directors Mortgage Inc.
Request Pre-Approval
In just minutes you can have all of the benefits of a Pre-Approval!. Fill out our easy to follow online form, and then one of our Directors Mortgage consultants will contact you to get your Pre-Approval today.
>> Request Pre-Approval Now
Pre-Qualification vs. Pre-Approval
Often these terms are confused with each other. However, a pre-qualification is a less stringent indication of a pending loan approval. Pre-qualification gives you a more general idea of the price range you can afford based on your verbal statement of income, expenses, employment history and down payment. It does not take other factors into consideration like credit rating, interest rates or types of loan for which you qualify. A pre-qualification will not give you the benefits (listed above) of a Pre-Approval.
With a pre-qualification you can start sizing up the type of home and geographical area for which you qualify.
>> Request Pre-Qualification Now
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