Wednesday, May 29, 2013

Mortgage Pre-approval In Illinois

During the peak of the real estate boom in Greater Chicago, getting approved for an Illinois mortgage loan was relatively simple. Today, prospective Illinois homeowners have to be better prepared and do a bit more leg work before they are able to purchase their home.

The first step you need to take is attaining a letter of pre-approval. This means that a mortgage lender has confirmed that you can afford to make a specific mortgage payment on top of your other monthly debt obligations. In addition, the lender has reviewed your credit history and job stability and feels that you are a good credit risk.

Obtain a mortgage pre-approval before you start looking for a home. Having an Illinois mortgage pre-approval letter from a lender can eliminate some of your insecurity when looking for your new home in Illinois. With a pre-approval letter from United Home Loans, you know exactly how much you can borrow and how expensive of a house you can afford. And, it shows the seller that you are able to complete the purchase of their home. When it comes time to write an offer, you will be in a much better place to negotiate.

Starting the mortgage pre-approval process with United Home Loans is simple. You can start in one of two ways: you have a home in mind and want to find out if you can afford it or you want to find out how much you can be approved for.

Click the link below to get started!

Get Pre-Approved Today!

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