Mortgage Preapproval Made Simple
Whether you’re buying your first home, upgrading, or exploring options, mortgage preapproval gives you clarity and control. At Velocity Mortgages, our PRE-APPROVAL process is fast, secure, and tailored to your needs, including private lending and solutions for all credit types. Know your budget, strengthen your offer, and shop with confidence.
In competitive housing markets, a preapproval letter shows sellers you’re serious and financially ready to purchase. It gives you an edge over other potential buyers who may not be preapproved.
Strengthen Your Offer
Preapproval calculates the mortgage amount you qualify for based on your income and monthly debt obligations. This determines the maximum price of the home you can afford, along with the required down payment, effectively focusing your home search within your financial limits.
Understand Your Budget
With interest rates fluctuating, getting preapproved can lock in a rate for a specific period, allowing you to shop for your property without worrying about rising rates impacting your buying power.
Lock in Your Rate
Having your finances preapproved accelerates the closing process once you find the right home. Sellers often prefer to negotiate with buyers who have confirmed they can obtain financing.
Speed Up The Process
Apply for Your Mortgage or Loan Online
Ready to move forward with your mortgage, refinance, or business loan? Our secure online application is fast, easy, and tailored to your financial goals. Velocity Mortgages offers personalized solutions, including private lending—for all credit types. Start your application today and take control of your financing.