Using Your Cell Phone to Get Pre-Approved Is a Recipe for Disaster

Cell phones have some amazing capabilities these days. Yet when it comes to something as serious as your real estate goals, you’re better off not relying too heavily on handheld technology.

Commercials you see on television make it seem like using a smartphone to get pre-approved for a mortgage is a fast, easy, and effective option. The truth is that it’s a recipe for disaster. Allow me to explain why:

It simply isn’t possible to get an adequate, accurate pre-approval using your cell phone.

These apps can’t and don’t account for important details of your financial circumstances. Someone who has used their cell phone to get pre-approved very well may get three-quarters of the way through a transaction only to run into serious problems as a result. It simply isn’t possible to get an adequate, accurate pre-approval using your cell phone.

There are so many moving parts to a loan application. So to get pre-approved, you must fill out a long-form loan application with a real mortgage professional. Doing this will protect you, the seller, and your goals against serious detriment.

If you have any other questions, would like more information, or would like our help getting pre-approved, please feel free to reach out. We look forward to hearing from you soon.