Home Search Made Easier With Home Mortgage Loan Pre-Approval

September 20, 2004 -- "New home search is made easier with a loan pre-approval that lets you know the maximum mortgage obtainable.
With pre-approval, real estate agents are more inclined to work with you, and show homes in the specific price range of your maximum mortgage. Sellers and listing agents also take your offer more seriously if you are already pre-approved for a loan. ," states Raoul Amescua V.P. of www.GoldMedalMortgage.com.

GoldMedalMortgage.com is a nationwide home mortgage loan company powered by Infiniti Mortgage Capital, Inc. With offices and affiliates nationwide they offer debt consolidation, home equity, FHA and home improvement loans. First time home buyer programs available.

For more information on getting pre-approved please call toll free 888-483-2500, or go to:
http://www.goldmedalmortgage.com/NationwideLoanPrograms

"We find many first-time borrowers confuse being "pre-qualified" with "pre-approved." Pre-qualification is a casual process, where we can tell how much you may borrow based on income, existing debt, and cash down payment."

"A pre-qualification may be a form letter or personalized, but will contain disclaimers to protect us in case you fail to qualify. Some real estate agents feel that pre-qualification letters say little more than you have contacted a mortgage company. Before a lender will make the loan, a formal loan application will be required," continues Amescua.

"In contrast, pre-approval letters have far more validity and indicate to the seller that you have passed the credit check and have preliminary loan approval. To obtain pre-approval you formally apply for a loan and submit all the relevant documentation to us. We will verify this information and credit is checked, then we will arrange for a lender to agree in writing to make the loan to you. The loan will be subject to a satisfactory property appraisal and title search."

"A formal loan process is an eventuality, so we recommend obtaining a loan pre-approval in advance. By doing this, you can avoid the disappointment of making offers outside your price range, and get more cooperation from agents and sellers," concludes Amescua.

About GoldMedalMortgage.com:
GoldMedalMortgage.com is a nationwide home mortgage loan company powered by Infiniti Mortgage Capital, Inc. With offices and affiliates nationwide they offer debt consolidation, home equity, FHA and home improvement loans. First time home buyer programs available.

For more information on getting pre-approved please call toll free 888-483-2500, or go to:
http://www.goldmedalmortgage.com/NationwideLoanPrograms





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