The Power of Pre-Approval*
Here’s why a pre-approval* commitment letter is better than a prequalification:
- Buy with Confidence: All financials have already been provided, underwritten, and approved.
- More buying power: Competes with a cash offer since the loan is already approved.
- Faster closing timeframe
*Mortgage pre-approval offer is valid for 90 days. If a formal mortgage application is not submitted with 90 days of the issuance of the pre-approval Rondout Savings Bank will consider the pre-approval expired. This commitment is subject to reconsideration and/or termination by Rondout Savings Bank if there is any material change in your financial status or with information provided by you in your mortgage application or issues regarding the condition of the property. Prior to loan origination all terms and conditions as stated in the commitment letter must be agreed to and/or satisfied. Certain conditions apply.
Need help navigating the home-buying process? Download the Home Loan Toolkit
(920kb PDF Download, Adobe Reader required)
Speak with our local lenders today. Contact:
Senior Residential Loan Originator, NMLS #768988