The Loan Process
Get PreApproved
Get Pre-Approved for a Loan
When buying a home, you may be pre-qualified or pre-approved. Both provide you with good information about your credit standing and potential for buying a home.
Pre-Qualification - American One Mortgage is happy to perform a pre-qualification over the phone or on the Internet in a few minutes. (Apply on-line here today!) However, because it is a quick and easy process, it provides less information than a pre-approval.
Pre-Approval – We strongly recommend getting a pre-approval before you start looking for a home. Pre-approval requires a more rigorous process, including verification of your credit, income, assets and liabilities.
Being pre-approved will:
1. Inform you of your maximum affordable home value, and save you from previewing properties outside your price range.
2. Put you in a stronger negotiating position with the seller, because the seller will know your loan is pre-approved.
3. Help you close quickly.
When buying a home, you may be pre-qualified or pre-approved. Both provide you with good information about your credit standing and potential for buying a home.
Pre-Qualification - American One Mortgage is happy to perform a pre-qualification over the phone or on the Internet in a few minutes. (Apply on-line here today!) However, because it is a quick and easy process, it provides less information than a pre-approval.
Pre-Approval – We strongly recommend getting a pre-approval before you start looking for a home. Pre-approval requires a more rigorous process, including verification of your credit, income, assets and liabilities.
Being pre-approved will:
1. Inform you of your maximum affordable home value, and save you from previewing properties outside your price range.
2. Put you in a stronger negotiating position with the seller, because the seller will know your loan is pre-approved.
3. Help you close quickly.
