• Getting Pre-approved

  • What does being "pre-approved" mean?

    Getting pre-approved, other wise known as "prequalification", starts the application process. The lender checks your credit, ability to pay, and you learn how big and what type of loan you qualify for. It only takes a little time, so you should get prequalified before you start looking for homes.

    Once you are pre-approved you will...

    • Know what price range you can afford
    • Be able to make an offer as soon as you find a home you like.
    • See potential credit or other problems early.
    • Have more negotiating power because sellers will know you have financial backing.
    • It gives sellers confidence to work with you if you’re a first-time homebuyer.
    • Best of all, Equity Smart Home Loans offers prequalification at no cost.