Why get Pre-Approved?

Becoming pre-approved is one of the smartest decisions you can make when looking to buy, or build, a new home. Obtaining pre-approval is beneficial in many ways:

1. It will protect you against interest rates increases for 120 days, giving you time to look for the perfect home.  
2. It allows you to focus on homes in the right price range, saving you and your real estate agent time and energy.
3. It will give you more leverage with the potential seller, as not all buyers become pre-approved, leading for their offers to be “conditional on financing.” However, your offer will be more valuable to the seller as they can have confidence that your financing is already in place.
4. You have nothing to lose, if rates go down then you receive the lower rate.
5. Lastly, once you find the perfect home, pre-approval will allow the deal to close faster and reduce the likely hood of any last minutes surprises!

To get you the best mortgage that fits your needs, and financial situation, your Homeguard agent has access to many different lenders, providing you with a wide variety of mortgage products. To become pre-approved the lenders will analyze your current income, debt situation and credit history in order to qualify you for a maximum loan amount. This will give you a clear picture of your financial parameters and an idea of your purchase price range.

At Homeguard Funding, you can complete a pre-approval application over the phone, online, by email or in person at our office. After applying, we will be required to obtain a credit report, income verification and down payment confirmation.

Click Here to fill out a secure application to become pre-approved!