You have to be prepared in advance when buying a home. If you're going to pick a house and then go through the pre-approval process it's going to be a lot harder than if you knew what you qualify for ahead of time. Once you have that lined up then if you need to act quickly you will have the tools to do it.
Having a pre-approval letter will allow you to act quickly. This is assuming you're not a cash buyer. If you're a cash buyer you don't need it and you
probably don’t need Police Mortgage either. However, that doesn't describe most mortgages for first responders. Most people have to have a mortgage and that’s why it's so important to get a pre-approval so you can be ahead of the game.
Make sure that you have an actual mortgage pre-approval. This is what makes a pre-approval different than a pre-qualification. When you obtain a pre-approval we're running your credit report. We're going to verify your income and your assets. We’re going to advise you in advance so you know exactly what you can afford.
At Police Mortgage we set you up for success. For example, we’re going to tell what will disqualify you from an FHA loan if FHA is your best option. Once we provide you with a pre-approval it will be good for 90 days. Helping you be prepared and setting you up for success includes explaining some of the nuances. That’s just the way of a professional police officers credit union.
We help you answer questions you may haven’t even thought of. For instance, are there city transfer taxes and property taxes that may change how much home you can qualify for from a debt perspective? Some providers don’t always disclose all of the costs but Police Mortgage strives to give you a complete picture.
In some cases we even overestimate so that we over prepare you. We don’t want to get you into a house by razor-thin margins. We want to leave a little bit of room for error. When you come to Police Mortgage for a pre-approval you have peace of mind. While the process can seem overwhelming at first, we try to simplify it as much as possible. That’s why we often suggest coming to see us at least two months before you begin looking for a property.
When it comes to buying a home, you want to be prepared. You also want to have the correct tools. The pre-approval is definitely one of those tools.
Police Mortgage specializes in conventional mortgages, purchase money transactions, FHA loans, and VA loans. Led by founder and CEO John Aretos, Police Mortgage is known and respected for providing clients with exceptional service, customized terms, quick and easy closings, and low money down options. To learn more about Police Mortgage, call 312-499-8878.
Police Mortgage for First Responders Who Are Second to None.
