Get Real-Approved, not Pre-Approved

Smart prospective home buyers know to get pre-approved BEFORE shopping for a home.  Many will speak to a lender for a few minutes, part with some personal information about their finances and receive their pre-approval right away.  Now, there is nothing wrong with this process.  In fact, I provide pre-approvals to new clients all the time!  However, while smart buyers get pre-approved, smarter buyers will take it to the next level and pursue a full approval before writing their first offer.  This is what I like to call a "Real-Approval".

Since joining Cornerstone Mortgage, many of my clients have taken my advice and received a letter that makes their purchase offer shine.  Instead of a letter that is subject to formal verifications of any number of variables, they obtain a letter that states quite plainly:

"Congratulations!  Your loan application in the amount of $XXX,XXX has been approved."

This means that they can focus on finding the right house, rather than simultaneously getting various ducks in a row for their loan.  

Another advantage is that a buyer with one of my "Real-Approvals" can negotiate aggressively with sellers. Buyers can prove they will close - and have the ability to close FAST.

You might think that I've just come up with a gimmicky name for something any lender can do, but you're wrong.  The vast majority of lending institutions around will only formally underwrite files for approval that already have live sales contracts in place.  This is one of the reasons you hear so many horror stories from friends and relatives that have purchased (or attempted to purchase) homes recently.  

Given the complexity of today's lending environment, if you are looking to purchase a home, please call me to obtain your "Real-Approval" today!