The Pre-Approval Advantage

Mortgage and Lending with Cambria Mortgage NMLS 274132


Why should I be pre-approved for a mortgage loan?

Minneapolis, MN: In recent years, mortgage guidelines were tightened. Documentation requirements have been expanded and followed more closely. A pre-approval gets you through the initial process and uncovers any potential pitfalls long before you become obligated by a contract to purchase.

What Advantages will I have once pre-approved?

You'' be certain about the price range that's best for you. You'll know how much cash you'll need to close, and you'll know your estimated monthly payment. Understanding your limits will help you negotiate with confidence. Plus, since sellers like a sure thing, you'll have an advantage over buyers who may not have been through the process yet.

How long is the pre-approval valid?

Your pre-approval is typically good for the shelf life of documents used. This includes credit report, pay stubs, bank statements, W2's, tax returns, etc. The usable life of the documents will vary, yet it is safe to say that your approval is good for three to four months.

What if I change my mind?

No problem. There are no obligations to purchase a home or use a particular loan program once you've been pre-approved. In fact, pre-approval simply helps  to assure you know exactly what is involved, that you are comfortable in a particular price range, and that you are truely ready to move.

Getting started?

The process of purchasing a home is easier when you have financing in place before making an offer. We are here to help you get started for homes located in MN, WI, and SD. Simply call our Loan Experts at (651) 552-3681, or apply online 24/7 at

For other states, simply search out your local mortgage broker.

Joe Metzler, Cambria Mortgage






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Joseph Metzler

Sr Loan Officer
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