Mortgage Prequalification Process
Pre-Approval Process for Buying a Home in Cape Coral
Whether you're a first-time home buyer, investing in Cape Coral real estate, or a seasoned home buyer, saving time during the home buying process can help your real estate experience run smoothly.
Getting early approval for a home mortgage will make Cape Coral house hunting easy and will let you accept an offer to buy a home more quickly.
Follow the mortgage pre-approval process with these three simple steps.
Choose a Cape Coral Home Mortgage Broker or Lender
Both a mortgage lender and a mortgage broker will be able to tell you how much of a home mortgage you qualify for. However, a broker will shop for hundreds of different lenders around the country to find you the best deal with your loan package, and a bank will give you a loan based on the services the lender provides.
We work with a number of mortgage lenders and brokers and will be happy to recommend one for you.
Receive a Mortgage Pre-Approval Letter
After finding a mortgage broker or lender, the very first step is to talk with them and get a pre-approval letter. During a phone call or in-person discussion, the broker or lender will ask you a few questions to verify your individual information before pulling up your credit reports. The information they will request includes:
- Social Security Number
- date of birth
- full name
- current income and tax returns
- previous two years' income and tax returns
- amount of money in your bank account
Learn Your Cape Coral Home Mortgage Amount
After verifying your information, the broker or lender will tell if you have been approved, and if so, what your mortgage amount will be. Use this information to search for your ideal home, or calculate your monthly mortgage payments based on your home mortgage.
Start the Pre-Approval Process with Florida Future Realty
We can help you get started with your mortgage pre-approval.