Getting Preapproved for a Home Loan

If you’re ready to find your dream home, the best first step is to get preapproved for a home loan. This way, you will know exactly what your budget is when you begin your house hunt, and you'll be able to focus on the options that fit your needs.

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Benefits of Preapproval

Loanwise preapproval gives you a quick and simple way to start the home-buying process. After you give us some financial information, we will determine your preapproval amount and an estimate of your monthly mortgage payment.

Getting preapproved also shows you are a smart and serious buyer, giving you better leverage against other buyers and more negotiating room with the seller.

Being a Loanwise-preapproved customer will get you into your new home in a matter of weeks, rather than months. That’s particularly attractive to anxious sellers who are ready to negotiate for a lower selling price. Because all of your important information has already been reviewed and approved, you will enjoy a smooth closing for a quick move-in.

Steps to Preapproval

Our customers are important to us, so we want to be sure all of the aggravating parts of buying a new house – like paperwork – are straightforward and uncomplicated. We want to make buying a home a pleasurable experience, not something you stress over. With Loanwise, it can all be done over the phone or online.

  1. We ask you for some important information, including proof of employment, tax returns and credit details.
  2. Using our industry-leading technology, we process your information into a usable report that calculates your preapproval amount.
  3. You enjoy a stress-free home search knowing what type of home is right for your budget. You have an upper hand over other buyers and are viewed favorably by sellers.

Our industry experts don’t just focus on getting you into a house quickly. We want to make sure your home-buying experience is something you’ll remember as fun and exciting. Your satisfaction is our first priority.

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Questions?

Speak with one of our experienced senior loan officers today about buying or refinancing a home.