Contact

How to Maintain Your Pre-Approval

Wade Betz

Published 1 month ago

Hello,

If you're a buyer in today's market, I'm sure you are somewhat discouraged by these higher rates, but this could be the break you need to gain access to the housing market.

What I mean is that most buyers have pivoted back to the lender to get " pre-approved" again and are given two choices.



The first option they would be given is "If" they plan to stay at their old pre-approval, then additional funds will be needed to accomplish that.

If those funds are not available or if it requires liquidation of retirement accounts, Then the second option would be to reduce their pre-approval amount so they can requalify at a smaller amount based on their income and debt.

Both of these options are not very good in this competitive market. But, you have another chance to help regain that lost buying power, and it's with a Seller Buy Down and I can help!

Here are some of the options I help my buyers regain their buying power with massive additional funds needed to stay in the housing market.

States I Can Lend In

Find Out About Our Shinning Star Hero Program

Real Producers Spotlight

National Rate Averages

Conf. 30Y Fixed

6.651%
0.065

FHA 30Y Fixed

6.455%
0.01

Jumbo 30Y Fixed

6.315%
0.178

Rate averages are calculated from actual locked rates. Learn more.

Additional Resources

Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting

Published 2 weeks ago

New “Unofficial” Conforming Loan Limits for 2023

Published 3 weeks ago

Looking past the headline: Bank of America’s “new” CRA loan

Published 1 month ago

How to Maintain Your Pre-Approval

Published 1 month ago

How to Win In Today’s Real Estate Market

Published 1 month ago

How To Maintain Your Buying Power in a High Rate Environment

Published 2 months ago

Axen Mortgage

Company NMLS# 1660690

3100 W Ray RD STE 201 Office # 209
Chandler, AZ 85226
  • Equal Housing Opportunity Logo

Legal Disclaimer

We hereby authorize you to view and print information on this website subject to it being used for informational and non-commercial purposes.

The information contained in this website is believed to be reliable, but we do not warrant its completeness, timeliness or accuracy. The information on this website is not intended as an offer or solicitation for any mortgage product or any financial instrument. The information and materials contained in this website – and the terms and conditions of the access to and use of such information and materials – are subject to change without notice. Products and services described may differ among geographic locations, offices and as a result of individual conditions. Not all products and services are offered at all locations. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

It is our intention that data provided on a subject is of a general nature. Our website does not represent an exhaustive treatment of subjects nor is the information intended to constitute accounting, tax, legal, consulting or other professional advice.

Prior to making any decision or taking any action we kindly request you to contact your tax or legal advisors.

Please use this document and information at your own risk. The content of this site is copyrighted and therefore any unauthorized use of any materials on this website may violate copyright, trademark, and other laws.

Materials on this website may not be modified, reproduced, or publicly displayed, distributed or performed for any public or commercial purposes prior to our approval.

© 2022 Lender Launchpad. This is not a Government website. Lender Launchpad and its products are not endorsed by the Department of Veterans Affairs or the US Department of Housing and Urban Development. The content on this site is for educational purposes only and is not an advertisement for a product or an offer to lend. If you have questions about the loan officers featured within our lender directory, please visit the Nationwide Mortgage Licensing System & Directory for more information and to check their licensing status at https://www.nmlsconsumeraccess.org