Buy a Home
Most mortgage companies and banks will only provide you a lesser pre-qualification letter. Pre-qualification letters have not had your credit package reviewed or underwritten in advance.
√ Provides a "ballpark" estimate of your buying power based on a cursory look at your credit package (income, credit and assets). √ Is based on summary verbal information provided on your income and assets √ Requires satisfactory review of credit package, property, financial documents and program requirements to issue final approval and lending commitment. √ Is offered by most lenders
True Home Loan Pre-Approval
√ Credit Package documentation reviewed and approved by a Underwriter who issues a Bay Mountain True Pre-Approval© √ Provides proof to real estate agents and sellers that you're pre-approved for a specific loan amount and purchase price √ Is based on verified documentation of your credit package (income, credit and assets). √ Requires a satisfactory appraisal and title review and no change in financial condition for final approval and lending commitment. √ Is offered by Bay Mountain at no cost as a service to prepare you to find a home