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The Importance of Mortgage Pre-Approval

One of the first steps in the home buying process is speaking with a lender to see if you can get pre-approved for a mortgage. With the local market still moving relatively quickly, some agents even require pre-approval before you tour a home. Getting pre-approved lets you know if you can get a loan, and how much that loan would be for. This is a great way to find out your budget and set parameters for your home search.

Early in the process, we do recommend comparing a few lenders to find the best rates and programs. Having a pre-approval letter ready from when you submit an offer on a home will work to your advantage in the process. A pre-approval in hand demonstrates that you’ll be able to obtain and close on a loan faster, which is appealing to most sellers. You also do not have to commit to a particular lender until your offer is accepted, but having some options means you won’t have to scramble when it’s time to execute a purchase and sales contract.

The home search process can feel overwhelming, but obtaining pre-approval early will make the experience a lot less stressful. The Chart House Realtors team has established a network of reputable local mortgage lenders who offer great rates and programs. If you’re looking to get started on the pre-approval process, we invite you to check out the list of lenders below.

Movement Mortgage

Matt Colasanti

Cell: (401) 316-6013

47 Valley Road
Middletown, RI 02842


Gina Campbell Helm

Cell: (401) 413-3278

330 County Road
Barrington, RI 02806

Province Mortgage Associates

Samantha Currie

Cell: (401) 226-1582

47 Bradford Street
Bristol, RI 02809

Home Loan Investment Bank

Brian Parylak

Cell: (401) 996-9161

185 Wickendon Street
Providence, RI 02903

Or, click the button below for a free, no-obligation buyer consultation with a member of the Chart House Realtors team.

About Chart House Realtors

Chart House Realtors is a boutique real estate brokerage serving clients throughout southern New England from our office in Barrington. We offer our clients a personalized experience and specialized marketing in addition to unparalleled service, support, and a vast network of resources. If you are in the market to buy or sell, we welcome the opportunity to discuss your objectives. Our team will prioritize your needs and values, utilizing a customized strategy and unmatched attention to detail to craft a plan that accomplishes your goals.

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