Ameritrust Mortgage: Pre-Approved for Your Dream Home.

A pre-approval letter is a document issued by Ameritrust Mortgage that confirms you are pre-approved for a mortgage loan up to a certain amount based on your financial profile.

A pre-approval letter demonstrates to sellers that you are a serious and qualified buyer, increasing your credibility and chances of having your offer accepted.

To obtain a pre-approval letter, you'll need to complete a mortgage application with Ameritrust Mortgage and provide documentation of your income, assets, and credit history.

No, a pre-approval letter is more comprehensive than a pre-qualification. It involves a thorough review of your financial documents and credit history, providing a more accurate assessment of your borrowing capacity.

The validity period of a pre-approval letter varies but is typically between 60 to 90 days. It's important to check with Ameritrust Mortgage for the specific expiration date of your pre-approval.

While a pre-approval letter increases your chances of approval, it does not guarantee final mortgage approval. Factors such as changes in financial circumstances or property appraisal may affect the final loan decision.

While it's possible to make an offer without a pre-approval letter, having one strengthens your offer and may give you an advantage over other buyers in competitive markets.

Yes, you can use your pre-approval letter from Ameritrust Mortgage when shopping for a home. However, it's essential to inform other lenders of your existing pre-approval to avoid unnecessary credit inquiries.