Real estate agents who work with buyers, we know just how important it is to work with pre-qualified buyers. No one wants to spend time showing houses only to find out the buyer has dents and scratches on their credit report that will prevent or delay their home purchase.
Most lenders do an adequate job of pre-qualifying buyers; however, Chase Bank takes it one step further with their Homebuyer Advantage Program. https://www.chase.com/mortgage/home-loans/pre-qualification#!drop2:mca,mp. Chase will not only give you an idea how much you can purchase, but they offer a Conditional Approval so you can be confident your loan will get through underwriting quickly and easily.
The mortgage pre-qualification is generally an estimate of how much a lender will be willing to lend a prospective buyer; however, a conditional approval means you have a tentative mortgage commitment from the lender. Employment, income and assets has been verified and credit reviewed. All that is left is the purchase contract. This allows the buyer to more quickly to closing, providing all the information provided is accurate.
Conditional approval versus pre-qualification can mean the difference between closing and picking up a check vs. spinning your wheels and not getting paid!
If you'd like to get more information about Chase's Homebuyer Advantage Program and how it can get you into your home quicker, give me a call at 614-729-9063 or mtbhunter@aol.com
