What is Pre-approval?

A credit pre-approval decision provides potential buyers an opportunity to be pre-approved for a mortgage, even before they find a home. Applying for credit pre-approval is easy. If approved, you’ll be given the maximum loan amount or a monthly payment for which you may qualify. Then, you’ll have 90 days to find a property. Final approval is subject to a completed sales contract when you find a home, verification of your assets, and a satisfactory appraisal of the property. 

Our In-house mortgage specialist, Carl Phinney of Guranteed Rate can be reached at carlp@guaranteedrate.com

For professional advice on all aspects of buying and selling real estate call Juniper Realty, 781-769-4818 or email us at juniperrealty@aol.com