Preparing to Shop with Confidence

Here’s why you should begin with a mortgage credit approval.
Since a pre-approval, unlike a pre-qualification, is based on your specific financial situation, it takes the mystery out of what you can afford. Not only will it help you understand which homes to consider, it will give any prospective seller more confidence in your ability to obtain a mortgage. (If you end up bidding on the same house as another buyer, your mortgage credit approval might even be the deciding factor in getting your offer accepted.)

You can get a same-day credit decision! The Weichert Gold® Services Manager who will handle your pre-approval is a financial expert serving your local Weichert office*. He or she will help you determine the monthly payment you’re comfortable with and provide you with a mortgage credit decision before you shop for your home. In fact, by using basic information such as your income, debt, assets, and employment history, your Weichert Gold Services Manager is generally able to get you a credit decision within minutes. A Credit Approval Guarantee will specify the actual loan amount, as well as the loan type and term. The approval is subject to an acceptable appraisal of the home you eventually purchase.**

You'll have many financing options to choose from. As part of the process, your Gold Services Manager will help you determine which type of loan best fits your situation. Believe it or not, there are over 300 to choose from. While you probably won't need to consider more than a few, you should at least compare the advantages of a fixed rate mortgage with an adjustable one.