Get Pre-approved from a Mortgage Lender in Boca Raton

Aerial view of a residential neighborhood in Coral Springs, showcasing multiple homes with well-maintained yards

If driving past ‘For Sale’ signs as you thinking about buying a new house, it’s time to get serious about the process. One of the first steps you should take is getting pre-approved from a mortgage lender in Boca Raton. Doing so helps to set expectations, and establishes a relationship with the lender. In today’s competitive environment, a pre-approval can mean the difference between a seller accepting your offer or going with another buyer.

Ace Mortgage Loan Corporation is a Mortgage Lender in Boca Raton

If you are attending open houses and looking for a home, you should talk to a lender about getting pre-approved. That way, you are ahead of the game if a home shows up on the market and you want to make an offer. In an ideal situation, you should talk to a lender before starting your search, so you know your limits.

In South Florida, homes at specific price points have limited inventory, and there is enormous competition among buyers. In a multiple-offer situation, you want to put yourself in the best position, and having a pre-approval letter does that.

Surprisingly, many potential buyers quality for more than they want to spend monthly. Working with a lender helps you determine the amount that you are comfortable paying each month. Getting pre-approved before you shop for a loan also allows you time to fix unexpected errors on your credit reports.

To be approved, you will need the following documents:

  • Pay stubs
  • Last two years’ W-2s
  • Two recent federal tax returns
  • Two months of bank statements
  • Credit reports

A pre-approval from a mortgage lender in Boca Raton is not a loan commitment, but it can help speed up the underwriting and actual loan approval process. Call Ace Mortgage Loan Corporation at 954-777-4774 and make an appointment, so we can get started on helping you get pre-approved for your dream house.

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