{"id":20805,"date":"2023-01-09T16:30:00","date_gmt":"2023-01-09T16:30:00","guid":{"rendered":"https:\/\/ramahomesltd.com\/?p=20805"},"modified":"2023-01-09T11:21:29","modified_gmt":"2023-01-09T11:21:29","slug":"how-to-get-pre-approved-for-a-mortgage","status":"publish","type":"post","link":"https:\/\/ramahomesltd.com\/2023\/01\/09\/how-to-get-pre-approved-for-a-mortgage\/","title":{"rendered":"HOW TO GET PRE &#8211; APPROVED FOR A MORTGAGE"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/ramahomesltd.com\/wp-content\/uploads\/2023\/01\/mortgage-home-loan-flat-lay-2022-11-14-03-53-50-utc-scaled.jpg\"><img decoding=\"async\" src=\"https:\/\/ramahomesltd.com\/wp-content\/uploads\/2023\/01\/mortgage-home-loan-flat-lay-2022-11-14-03-53-50-utc-1024x683.jpg\" alt=\"\" class=\"wp-image-20806\" width=\"517\" height=\"344\" srcset=\"https:\/\/ramahomesltd.com\/wp-content\/uploads\/2023\/01\/mortgage-home-loan-flat-lay-2022-11-14-03-53-50-utc-1024x683.jpg 1024w, https:\/\/ramahomesltd.com\/wp-content\/uploads\/2023\/01\/mortgage-home-loan-flat-lay-2022-11-14-03-53-50-utc-300x200.jpg 300w, https:\/\/ramahomesltd.com\/wp-content\/uploads\/2023\/01\/mortgage-home-loan-flat-lay-2022-11-14-03-53-50-utc-768x512.jpg 768w, https:\/\/ramahomesltd.com\/wp-content\/uploads\/2023\/01\/mortgage-home-loan-flat-lay-2022-11-14-03-53-50-utc-1536x1024.jpg 1536w, https:\/\/ramahomesltd.com\/wp-content\/uploads\/2023\/01\/mortgage-home-loan-flat-lay-2022-11-14-03-53-50-utc-2048x1365.jpg 2048w, https:\/\/ramahomesltd.com\/wp-content\/uploads\/2023\/01\/mortgage-home-loan-flat-lay-2022-11-14-03-53-50-utc-105x70.jpg 105w\" sizes=\"(max-width: 517px) 100vw, 517px\" \/><\/a><\/figure>\n\n\n\n<ul><li>G<strong>ATHER YOUR FINANCIAL INFORMATION.<\/strong><\/li><\/ul>\n\n\n\n<p>You will need&nbsp; to provide documentation of your&nbsp; income, assets, and debts. This includes tax returns, bank statement and credit cards statement.<\/p>\n\n\n\n<ul><li><strong>SHOP AROUND FOR LENDERS<\/strong><\/li><\/ul>\n\n\n\n<p>Look for lenders that offer competitive mortgages rates and terms. You can compare rates from multiple lenders top find the best deal.<\/p>\n\n\n\n<ul><li>S<strong>UBMIT A MORTGAGE APPLICATION.<\/strong><\/li><\/ul>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Once you have found a lender you want to work with, you need to complete a mortgage application, this includes filling out&nbsp; a form with your personal and financial information with supporting documentation.<\/p>\n\n\n\n<ul><li><strong>GET A PRE- APPROVAL LETTER.<\/strong><\/li><\/ul>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If the lender&nbsp; approves your application , you will receive a&nbsp; pre- approval&nbsp; letter . this letter will include the amount of money you have been approved to borrow and the terms of the mortgage.<\/p>\n\n\n\n<ul><li><strong>USE THE PRE \u2013 APPROVAL&nbsp; LETTER&nbsp; TO MAKE AN OFFER ON A HOME<\/strong><\/li><\/ul>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; When you find a home you want to buy , you can use the letter to show the seller that you are a serious buyer.this can help you stand out in a competitive market&nbsp; and makes it more likely that your offer will be accepted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GATHER YOUR FINANCIAL INFORMATION. You will need&nbsp; to provide documentation of your&nbsp; income, assets, and debts. This includes tax returns, bank statement and credit cards statement. SHOP AROUND FOR LENDERS Look for lenders that offer competitive mortgages rates and terms. You can compare rates from multiple lenders top find the best deal. SUBMIT A MORTGAGE APPLICATION. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Once you have found a lender you &#8230;<\/p>\n","protected":false},"author":1,"featured_media":20808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[]},"categories":[2,1],"tags":[85],"_links":{"self":[{"href":"https:\/\/ramahomesltd.com\/wp-json\/wp\/v2\/posts\/20805"}],"collection":[{"href":"https:\/\/ramahomesltd.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ramahomesltd.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ramahomesltd.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ramahomesltd.com\/wp-json\/wp\/v2\/comments?post=20805"}],"version-history":[{"count":2,"href":"https:\/\/ramahomesltd.com\/wp-json\/wp\/v2\/posts\/20805\/revisions"}],"predecessor-version":[{"id":20809,"href":"https:\/\/ramahomesltd.com\/wp-json\/wp\/v2\/posts\/20805\/revisions\/20809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ramahomesltd.com\/wp-json\/wp\/v2\/media\/20808"}],"wp:attachment":[{"href":"https:\/\/ramahomesltd.com\/wp-json\/wp\/v2\/media?parent=20805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ramahomesltd.com\/wp-json\/wp\/v2\/categories?post=20805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ramahomesltd.com\/wp-json\/wp\/v2\/tags?post=20805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}