Jose Diaz - Loan Officer
Get Approved Today

The Pre-Approval is the initial step in the process of buying or refinancing a property. We’re going to have a talk about your income, credit, available cash. The result of this meeting will be the Pre-Approval Letter with the maximum loan amount that the bank would lend you.

Do you need a Pre-Approval Letter?

The documents you need are:

  1. Driver License.
  2. Social Security Card.
  3. Last 2 years of Taxes (Forms 1040, 1120, W2s, 1099).
  4. Payment butts for the last 30 days (30 days paystubs).
  5. Last 2 months bank statements.

 

What is the next step after pre-approval?

After getting the Pre-Approval Letter, the next step is to search for the dreamed property you want to buy. Or in case of a Refinance loan, the next step is to start the mortgage loan application.

Can you get denied after pre-approval?

Yes, the loan can be denied after pre-approval if a buyer no longer meets the requirements of the loan. For example, if his credit report change, or the employment activities are stopped for some reason, etc.

Does pre-approval hurt credit score?

No, it does not. Mortgage inquiries doing shopping around for pre-approval offers do not affect your credit score unless you follow through and apply for the credit. The Pre-Approval letter is valid for 120 days before close.

How long does the pre-approval process typically take?

It can be at the same day, typically if loan officer has all documents requested, can be done in less than one hour.

How can I increase my pre-approval?

To increase your Pre-Approval loan amount, first you need is to increase your monthly income to the application, one faster solution is to add a co-signer.

As a Mortgage Loan Officer in Florida, I can advise you throughout the buying process. If you are thinking of buying a property in Florida, you can call me or write me on WhatsApp or clic here to contact me and I will be ready to provide you with a totally free Financial Advice.

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Get Pre-Approved by Yourself

Get Pre-Approved by Yourself!

Are you looking to get pre-approved by yourself? Here you are in the correct place, your Home Loans in just 1-Click. Please follow the instructions

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