Return to Top Can I get pre-qualified or pre-approved for a
home purchase loan before I’ve found my property?

Absolutely. However, you should not confuse a pre-approval with a pre-qualification. During the pre-qualification process, our Mortgage Consultant will ask you a few questions and hand you a pre-qualification letter. The pre-approval process is much more complete.

During a pre-approval, our Mortgage Consultant does all the work of a full-approval, except for appraisal and title search. When you are pre-approved, you become like a CASH BUYER and have more negotiating leverage with the seller. In some cases (especially in multiple-offer situations), having a pre-approval can make the difference between buying a home and not buying a home. In other instances, home buyers have been able to save thousands of dollars as a result of being in a better negotiating situation.

Most good Realtors will not show you homes before being pre-approved because they do not want to waste your time, the seller's time, and their time. Activus will pre-approve you at minimal or no cost. We will typically need to check your credit and verify your income and assets.

Once your loan has been approved you can change any of these variables to match the specifics of your purchase transaction. Please note that we cannot lock in a loan until a property address has been specified.

Return to Top Do I have to finish filling out my application
at one time?

No. Activus gives you the convenience of changing or finishing your application at any time before final submission to lender. Simply call or contact us or e-mail your Mortgage Consultant to have confidential changes made to your existing application.

Return to Top Can I make changes to my application?

Yes, you can make changes anytime before you lock in your rate. Keep in mind that any changes you make may extend the time that it takes to close your loan, may increase the cost of closing and may effect your interest rate. We recommend that you complete your original loan application accurately and completely prior to submitting. Once you receive confirmation of your rate lock, you should review the terms carefully and contact your mortgage consultant immediately if any corrections are needed.

Return to Top How long will it take before I will know if the
loan is approved?

If your application is received online, we can give you a preliminary pre-approval within 8 business hours. In other instances between 24-48 hours from the time we receive your application. However, this is dependent on your credit scores and overall file. In some cases it could take a little longer, such as 5-8 business days.

Return to Top How long will it take to close the loan?

If everything goes smoothly, we should be able to close in as little as 10 days.