Empowering Your Home Search The Importance of Pre-Approval

Empowering Your Home Search: The Importance of Pre-Approval

Introduction 

America Mortgages Inc. is a mortgage broker focusing only on U.S. Expats and Foreign Nationals living overseas.

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We offer over 150 U.S. bank and lender programs direct to our international clients.

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America Mortgages is wholly-owned by Global Mortgage Group Pte. Ltd. an international mortgage specialist based in Singapore.

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A pre-approval denotes an official letter from the mortgage lender outlining the maximum mortgage amount they are willing to lend you. It’s not a commitment but only a rough estimate of the loan that you may borrow from that organization, the possible interest rate, and the monthly installment figure.

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You can get the pre-approval document by filling up a loan application. The lender will ask you to submit some paperwork, including pay stubs, credit check, bank account statements, tax returns, and W-2 statements. An officer will look into the information provided and give you a written statement detailing the mortgage amount you are qualified to borrow.

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A pre-approval does not guarantee the approval of a loan. It just means that the lending company has looked into your assets and other aspects of finances and chalked out the

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At America Mortgages, we approve over 97% of all applications. Some of our loan programs don’t even require verifying the applicant’s income!

Mortgage pre-approvals have an expiry duration, ranging between 30 and 90 days, depending on the lending company.

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A pre-approval solidifies your financial stability and seriousness to the house seller. You can stand ahead of other potential buyers in a competitive market.

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This will particularly help first-time homebuyers to convince the seller that they are ready to put in an offer. Some people confuse between preapproval and prequalification.

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However, the latter does not have much credibility since it does not involve a thorough investigation into your incomes and credit score.

Contact Us 

Address: 118 Broadway STE 638, San Antonio, TX. 78205 (HQ)

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171 Telok Ayer Singapore 068621

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Email id: hello@americamortgages.com

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North America: +1 (845) 583-0830

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Europe: +44 07537-131168

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Asia: +65 8430-1541

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Australia: +61 2 8417-2895

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Middle East: +971 800-0651-2066

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Website: https://www.americamortgages.com/

Thank You