Just as it's wise to shop around for an actual mortgage, it's also a good idea to solicit more than one pre-approval offer. The upside of mortgage pre-approval is that you're not obligated to move ...

A mortgage approval that's conditioned on an appraisal, for example, could end up being denied if the home is found to need extensive repairs or if the value is much lower than expected.

Once you have an offer accepted on a property, you'll apply for full approval with the lender (or lenders) of your choice. How long preapproval lasts Preapproval letters typically expire after 60 ...

This includes obtaining a pre-approval from a mortgage lender. Since it can take time to get pre-approved, you'll want to have your pre-approval letter ready to go when you find a house you love.

Skipping the pre-approval process You may think the best approach to take is to start shopping now to avoid missing out on an opportunity to buy a home, but you need to get pre-approved first .

For home buyers who meet certain criteria, same-day mortgage loan approval is available from the First Chicago Bank of Mt. Prospect.”In order to better accommodate our home mortgage customers ...

Having a thorough pre-approval and a lender who is available to speak with the seller’s agent about your qualifications makes a big difference in how your offer is considered by the seller. Step ...

Getting an offer accepted is one of the most exciting moments of the home-buying process. But it's also when things get more serious. By now, you've probably heard the terms "closing" and "escrow ...