House Mortgage Pre Approval

Pre-approval letters to the vendor show that you are a serious purchaser. There are areas where realtors need a pre-approval notice before showing a house to a purchaser or making an offering to the vendor. With your pre-approval letters, you save yourself a lot of extra housing searches. To receive your pre-approval mail, print this page and read this guide.

Select the mortgage lending options that are right for you. Start with the mortgage request form - you will need to generate a user ID and passcode. Reply to all mortgage request queries as if you were requesting the mortgage credit. Specify the mortgage category you want to secure the most.

Once you have closed your mortgage claim, the status of the mortgage is answered with the outcome of your mortgage claim. Select Approval letters to have your pre-approval letters printed. Important: Be sure to submit your undersigned agreement to Tower immediately after ratifying your agreement to prevent credit handling delay. Still not a member of Tower Federal Credit Union?

Advance approval letter is NOT a letter of intent to commit to a fixed interest facility. When your loan-to-value ratio is above 80%, calculated on the lower of the sale value or the estimated value of the home, your approval is contingent upon Tower's capacity to take out private mortgage insurance for your home. Sentences or points specified in prequalification or pre-approval correspondence do not take into account possible adjustment due to valuation of: member creditworthiness, loan-to-value, combined loan-to-value, subordinated debt, occupation, estimated value, down payments, object types, building usage and lending use.