What is a mortgage preapproval and why does it matter?
A mortgage preapproval letter shows that a lender has evaluated your financial history and figured out how much of a loan you can qualify for. Consulting with a lender early in the home buying process is important so you can get a sense of your true budget, talk about different loan options and spot any potential issues with your credit profile in time for you to course-correct. Once you know your budget it will be easier for you to shop within your means and find a home you can afford.
A preapproval letter issued by a lender shows you’re a serious buyer and can be the key to closing on your new home because when you’re ready to make an offer, the seller knows you have financing ready and you’ll be able to go through with the sale, which makes you a much more attractive buyer to sellers.
Learn more about getting preapproved and why it’s important.
Will I get a bunch of calls from multiple lenders?
No. You’ll work with one of Sindeo’s expert Mortgage Advisors, who’ll make it easy for you to get preapproved for an amount you can afford, shop for a mortgage or refinance your existing home loan. Sindeo will offer personalized service to help you find, qualify for, and close your mortgage on time — in as few as 15 days.
Unlike traditional loan officers, Sindeo’s Mortgage Advisors are paid based on your satisfaction, not the size of the mortgage or the terms of the deal. With Sindeo, you’ll get a straightforward mortgage experience and open access to information and choice.