WE ARE CURRENTLY EXPERIENCING HIGH CALL VOLUME. WE APOLOGIZE FOR ANY INCONVENIENCE.
Kirtland FCU branches and the Member Contact Center will be closed Monday, June 20 in observance of Juneteenth.
By Ashleigh, K-Staff
“The buyer is pre-approved!”
These words, given to a seller who is juggling multiple offers on their home, are really saying, “This buyer has money in hand and isn’t going to cause issues trying to secure the money later.” It’s gold to a seller and could very well tip the scales in your favor if you’ve put in an offer on a home with a lot of competition from other buyers.
A pre-approval means you’ve completed the most tedious parts of a mortgage loan application already and received approval from a lender. The documentation of your income and credit are done, so when you finally find your new home, the lender can go straight to work on appraisals, inspections and other house-specific tasks.
Can you apply for your loan after you’ve made an offer on a home? Of course, you can. But making an offer with your pre-approval in hand? Here are four reasons that’s a great idea for you as a buyer.
Consider getting pre-approved as soon as you’re ready to start your home search. Getting approved is one of the longest (and most stressful) parts of getting a mortgage, so the more work you get done before shopping, the more you’re going to enjoy your shopping experience.
How do you get pre-approved? Just apply for your loan! The Kirtland FCU Home Loan team will collect the necessary documents and information, run credit checks, go over loan numbers with you and more. So, when you find your perfect home, all you need to do is make the offer!
And with Kirtland Federal Credit Union, you can apply for your mortgage loan any time, day or night, at KirtlandFCU.org/HomeLoan!
Or, if you prefer, just swing by the Home Loan Center at 6700 Jefferson NE, Ste D-1 to get started in person.
Kirtland FCU will be performing system maintenance on Saturday, April 23 & Sunday, April 24, between 9:00pm–7:00am MDT.
Online, Mobile, and Telephone Banking will be intermittently unavailable during this period. Click here for complete details.