Get Preapproved

The first step in the home buying process to get preapproved. A mortgage consultant will review your credit, job history, and situation to find a program that fits for you. You will then know what your buying power is! Niego Real Estate can connect you to several lenders. Please call for a free referral.

If you are thinking about purchasing a home, it can mean the difference between your offer being accepted or rejected!
Many people only take the first step and pre-qualify for their mortgage. This only takes in to account their gross income and monthly obligations with no verification of the information or review of their credit history. A seller has no guarantee that this offer is coming from someone who can actually purchase their home.
A pre-approved buyer has met with their mortgage consultant and completed a credit application, documented their financial situation and reviewed their credit report. They approach a seller with a commitment letter from their lender stating that they are pre-approved for a mortgage up to a certain amount based on the property appraising at the asking price or higher. The seller views them as a "cash" buyer since their loan is guaranteed to be in place on the closing day.
When taking competitive bids, the seller will give more weight to the pre-approved buyer to avoid the risk that a pre-qualified buyer will not be able to obtain a mortgage and the deal will fall through.
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