Pre-Approval vs. Real Loan Approval

“Pre-Approval”

Simple decision based solely on credit; typically issued by a loan officer or broker

Loan officers and brokers are not authorized to make decisions on your home loan

You must risk fees in order to proceed and receive any underwriting decision

Rate quotes are loosely based on a preliminary credit review by a loan officer

A Large % of all mortgage “Pre-Approvals” are eventually denied in underwriting

Risks fees, down payments and valuable time, solely based on a simple credit opinion, not a real decision

Real Loan Approval

Loan decision issued by a bank underwriter based on your total credit, income & asset documentation

Only an endorsed bank underwriter is authorized to make any real decision on your home loan application

Proceed securely with your purchase or refinance only after receiving a free upfront underwriting approval

Best rates available are fully supported with an approval from the decision makers at the bank

Over 95% of RealLoanApprovals   issued are ultimately committed by a direct lender

Only an underwriting decision secures your home loan and truly legitimizes your purchasing power!