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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.

    BankFive

    Elizabeth Tetzner

    (401) 447-7880
    elizabeth.tetzner@bankfive.com

    1604 President Avenue
    Fall River, MA 02720

    BankNewport

    Gina Campbell Helm

    (401) 413-3278
    gina.helm@banknewport.com 

    330 County Road
    Barrington, RI 02806

    Northpoint Mortgage

    Brian Parylak

    (401) 996-9161
    bparylak@trynorthpoint.com

    1375 Wampanoag Trail
    East Providence, RI 02915

    Province Mortgage Associates

    Samantha Currie

    (401) 226-1582
    scurrie@provincemortgage.com 

    47 Bradford Street
    Bristol, RI 02809

    Movement Mortgage

    Matt Colasanti

    (401) 316-6013
    matt.colasanti@movement.com

    47 Valley Road
    Middletown, RI 02842

    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 combines the best aspects of size and scale. We are a small boutique firm with 8 full-time, local members. We operate out of our office in Barrington, RI conducting business throughout RI and MA. We are also affiliated with Keller Williams, which is the largest real estate brand in the world, with more agents, more sales and more reach than any other real estate company.  So, our clients get the best of both worlds!

    Our small, local size gives us the ability to craft a unique personalized plan for each and every client. At the same time, the size and scale of Keller Williams allows us to reach buyers and sellers on a national and international level. Year-to-date, Chart House is ranked among the top 1% in sales across all agents in Rhode Island and Massachusetts.

    If you are considering buying or selling property anywhere in Southern New England, we would love to hear from you. 

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