The next step towards getting a mortgage is to get pre-approved. The pre-approval provides you with a written commitment from BancGroup Mortgage to use towards your new home purchase. Even if you may be planning to delay signing a purchase contract for several months, it is recommended that you start your pre-approval early. This way you have an approval in writing, with any issues cleared up ahead of time. So when you do purchase, you can be confident about your qualifications for the home you have chosen.

If you would like to get pre-approved, give us a call to arrange an appointment, (weekends and evenings are available with notice). You will need to bring certain documents to the appointment. If you are missing any of these documents, let us know before the appointment. Many times there are alternatives available.

IMPORTANT: The more complete your file is at the time of meeting for the application, the quicker a decision can be rendered for your pre-approval. Missing documents can significantly delay the process.

Once a pre-approval is in place, you are ready to pick out your home. To complete your file, you simply inform me of where you have purchased and submit a copy of the contract, with all the addendums. Any changes to the price after the initial contract will need to be forwarded on to BancGroup Mortgage as they occur to be sure you receive maximum financing.

When requesting a pre-approval, an approval in writing, a fee of $50 is required to offset credit report costs. Upon signing a contract to complete your file, the remainder of the application fee. an additional $250, will be required to offset the appraisal fee. Your application fees are applied toward closing costs. You will not be paying for anything twice by going this route.