Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: What makes Morgan Financial’s Secured Approval stronger than a typical pre-approval?
A pre-approval (usually conducted by a loan officer), is where a credit report is reviewed and a loan application is submitted to an Automated Underwriting System, but documents have not yet been verified by an actual underwriter.
Our Secured Approval Letter takes it a step further by having our in-office underwriters (the actual decision-makers on the loan) verify your income, assets, and credit up-front! This shows sellers that you’re a qualified buyer, and you can be confident that you’re putting your best offer on the table when shopping for your new home.
Give us a call to get started on your Secured Approval Letter today! We’ll keep your mortgage on track.