Don't Wait to Get Pre-Approved!

by Tim Hart | Oct 21, 2021 4:44:00 PM

When Do I Get Pre-Approved For a Mortgage? Hint: NOW!

Let me lay out a common situation for a First Time Buyers. Your rental lease is coming up in 6 months and you are wondering what you are going to do. You want to explore buying a home but decide you should wait until you get closer to your lease being finished.

You finally get a few months from your lease being up and you apply for a mortgage to get pre-approved to buy a home. You get denied because of issues on your credit that you didn’t even know you had. You don’t have time to fix these problems and you have to sign your lease and rent for another year. Booo! This happens a lot in our business.

Our advice to anyone that wants to own a home somewhere in the future is to apply for a mortgage today. Let one of our Loan Officers review your file and make sure you are good to go now. If you do have issues then we can help you work thru them to help you own that home at the end of your lease.

We go over that and more in the episode. Hopefully it helps.




Born and raised in Southwest Florida, I have been in the Mortgage business since 2001 I'm a grizzly, battle tested mortgage veteran. I am also the Host of Rates & Reels, which is the most popular fishing show in Southwest Florida, hosted by a guy named Tim. In my spare time I love spending time with my family, coaching baseball, and anything else my kids or wife want me to do. I would be happy to help you or someone you know with any of your Mortgage needs.

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