It's a strong position you can't afford not to have in this market!

- Ray Llosa, President
  National Real Estate Buyers Brokers

A Competitive Housing Market

It's no secret that the housing market throughout the Northeast is extremely competitive. Sold stickers are being posted over "for sale" signs even before the sign is in the ground!! What's the cause of this extraordinary housing market? For starters, the baby boomer generation is now trading up to larger homes while their children (echo boomers) are entering the first-time buyer market. Add to that the influx of immigrants into the country, an increasing labor market, and historically low mortgage rates and you have an extremely competitive housing market.

Winning the Home You Want!

Fast turnover in the real estate market means that you need to be prepared -- or the home you want will be sold before you even make an offer. Obtaining a Full Approval from your lender prior to your home search is a vital part to home buying success.

What is difference between a Pre-Approval and a Full Approval?

A pre-approval is a preliminary look at your finances and a ballpark of your qualifications. The problem with pre-approvals is that they are typically provided by loan officers and not by an underwriter, the person who actually approves your loan request. It has been estimated that more than 60% of all pre-approvals never result in an actual loan commitment. Can you imagine finally locating the home of your dreams only to see it slip away because your pre-approval fails to result in a full approval? To safeguard against this, homebuyers are encouraged to obtain a Full Approval prior to their home search.

At American United, our Full Approval program provides you with a complete mortgage commitment from our underwriters even before you begin shopping for a home. Full Approval takes all the anxiety out of the home buying process since you already know exactly how much home you can afford, and your loan is guaranteed!!

In addition, shopping for a home with a Full Approval in hand makes you extremely attractive to the seller since they know you can close the deal quickly. Having a Full Approval gives you real bargaining power when you negotiate the sale.

How do I obtain a Full Approval?

Obtaining a Full Approval from American United is easy. Simply give us a call at 1-800-555-2035 and a local representative will assist you with the process. If you prefer, American United's online Full Approval Application gives you all the benefits of our Full Approval program right from your keyboard. And unlike most online systems, if you qualify you will receive an actual mortgage commitment within 3-5 days -- not a pre-qualification estimate.

How long is a Full Approval valid?

Not every lender offers a Full Approval program. At American United our Full Approval is valid for two years - So you have plenty of time to home shop without feeling pressured. In addition, you can shop with confidence because you know you have cash in hand.