Being pre-approved - Rockland Financial

Are you pre-qualified or pre-approved for a loan?

To get pre-qualified for a loan, I will collect information about your debt, income, and assets. I will also look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you. I will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow.

It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.

To get pre-approved, please fill out our application. I will review your file personally and if your numbers work out, will issue you a pre-approval letter the same day (normally with 1 hour).

A pre-approval letter is not binding on the lender; it is subject to an appraisal of the home you wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose your job), interest rates rise or a specified expiration date passes, your lender must review your situation and recalculate your mortgage amount accordingly.

SPD MORTGAGE 12178 Rivergrove Street Moorpark, CA 93021

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