It's always been a good idea, but lately, it's become even more important to get pre-approved before you start your home search. 

Why should I be pre-approved for a mortgage loan?

In recent years, mortgage guidelines have been tightened. Documentation requirements have been expanded and followed more closely. A pre-approval gets you through the process and uncovers potential pitfalls long before you become obligated by a contract to purchase.

What advantages will I have once pre-approved?

You'll be certain about the price range that's best for you. You'll know how much cash you'll need to close, and you'll know your maximum monthly payment. Understanding your limits will help you negotiate with confidence. Plus, since sellers like a sure thing, you'll have an advantage over buyers who may not have been through the process.

How long is the pre-approval valid?

Your pre-approval is typically good for the "shelf life" of the documents used. These will include a credit report, pay stubs, bank statements, W2s, tax returns, etc. The usable life of these documents will vary, yet it's usually safe to say that your approval is good for up to three or four months. During this time, it pays to file all important financial documents so they're readily available for future updates.

What if I change my mind?

That's perfectly fine. There's no obligation to purchase a home or use a particular loan program once you've been pre-approved. In fact, pre-approval simply helps to assure you know exactly what's involved, that you are comfortable in a particular price range and that you are truly ready to make your move.

The process of purchasing a home is easier when you have financing in place before you make an offer. We're here to help get you started, and it's never too early to do exactly that.

Give us a call when you’re ready or click here to contact us.

It’s no secret over the past couple years the housing marketing has been red hot. With the Fed constantly raising rates, may prospective homebuyers worry whether their window to purchase a home has sailed. “Is it still a good time to buy a house?” The team at Greenway Mortgage says, “Yes!”

Of course, the right time to buy is when you’re ready. But, for many home buyers, interest rates are a top concern. What many don’t realize is that interest rates are always in flux and there’s no real way to predict their path. Trying to catch the perfect rate shouldn’t deter you if you find the perfect house.

Marry The House. Date the Rate

We often say, “Marry the house. Date the rate.” This ultimately means, don’t let interest rates deter you because you can always refinance when the time is right. If you find the perfect house, don’t wait! The rate may not be what you hoped for, but again there will be opportunities to refinance in the future.

Loan Solutions

Greenway Mortgage offers a variety of loan options to suit the needs of each and every client whether you’re looking to buy your first home, move up, refinance, or invest.

Some loan options include VA, USDA, FHA, Conventional, Down Payment Assistance, Reverse, Renovation, Construction Loans, Refinance, Jumbo, Doctor Loans, and more.

Information on these can be found by visiting our website here.

If you’re a first-time home buyer we’ve got all the information to get you up to speed with the home buying process. Download our free First-Time Home Buying Guide or check out our home buying resources here.

House Hunting

Houses are selling quickly, and sometimes competition is driving multiple offers. If you're looking for your dream home, you’ll want to get pre-approved first.

A pre-approval gives you a competitive edge, allows you to negotiate with power and let’s you know how much you can afford. Our online application is easy, and you'll have a pre-approval letter in hand in no time.

Bottom Line

Committing to a home you love doesn’t mean you have to commit to the financing available now forever. You can always change your financing to more favorable terms later should better rates become available. Think of it this way. If rates continue to get higher, you’ll be glad you married the house when you did!  

When you’re ready to take the next step please reach out with any questions. We’re here and ready to get you pre-approved and into your dream home.

Working with a local mortgage lender in a hot housing market is key.

If you’ve ever mentioned the phrase “mortgage company” many people initially think of big national companies. But working with a local lender like Greenway Mortgage can come with several advantages over those bigger companies.

We’re here with you every step of the way. That means we can offer you better rates, personalized service, and advice whenever you need it. And most importantly, we’re here to help you make a smart home purchase that works for you.

Let’s take a deeper look at the 5 reasons to work with a mortgage lender.

Reason #1: We offer Competitive Pricing

Because we are a direct local lender, we sell our loans in sophisticated trades to the best-priced investors. You’ll receive the best price and service at the same time!

Reason #2: We’re Your Local Experts

Local people, local business, local service. Yes! That’s us! We live, work, and play within your community. Our team, from loan officers to underwriters, know and understand the unique aspects of the area and how that may affect parts of the home buying process.

Reason #3: Delivering What You Need

We offer a variety of loan options to suit the needs of each client whether they are looking to buy their first home, move up, refinance, or invest!

You can learn more about our Loan Programs by visiting our website here.

If you’re self-employed, we can help. If you need help improving your credit score, we are happy to steer you in the right direction with our local connections! Whatever you need, know that we are here to help.

Reason #4: Convenience

We’re not limited to banker hours. Our Loan Officers will make appointments at the time and place that is convenient for you!

Reason #5: Personalized Service and Lifelong Relationships

The Greenway Team is dedicated to keeping our clients 100% informed every step of the way. And our relationship doesn’t just end at the closing table.

Bottom Line:

When you chose Greenway Mortgage as your preferred lender, your home buying experience will be top-notch. You can expect to be treated as a person and not a number like some of these bigger mortgage companies. Most importantly, our loan officers know the area, local agents, and appraisers which puts our borrowers in a better position to resolve any conflicts that may arise during the process!

We’re excited to help you take the next step in your mortgage process and home-buying journey. When you’re ready to take the next step reach out to us or visit us online at GreenwayMortgage.com.