5. Get Pre-Approved
When you choose your selected loan options, Rocket sends your details to their automated Quicken Loans underwriting system. This is how youвЂ™ll determine if you might be pre-approved or otherwise not.
If you should be, that is great news! You can easily lock-in the rates you chosen in the event that you get pre-approval. This implies the rates you decided to go with wonвЂ™t suddenly alter in a couple of days.
Keep in mind, pre-approval isn’t the thing that is same being qualified for a financial loan вЂ“ all your valuable information will still must be verified by the underwriting agency as soon as you get the property you need http://www.autotitleloansplus.com/payday-loans-nc to buy.
For many currently when you look at the home-buying procedure, Rocket will make suggestions through all of those other deal and supply you with a verified letter that is pre-approval.
For those who are currently under agreement and buying a house, Rocket takes proper care of publishing and processing your approved loan through Quicken Loans. (more…)