Credit Union Mortgage Association, Inc.

Expert Articles

Pre-Qualified versus Pre-Approved

Your loan officerBefore you start searching for a home, get pre-qualified. A loan officer will gather information about your income, debt, and assets. He or she will also look at your credit profile and determine the most appropriate loan options for you. Once complete, you will receive a letter stating you've been pre-qualified. Now you’re ready to get pre-approved.

For pre-approval, you must fill out the loan application and submit all appropriate documentation for review by the loan officer. This information will show that you are qualified for a mortgage loan of a specified size and have a solid credit history. By getting pre-approval, you’ll know the price range you can afford, and you don't have to worry about whether you've met the lender's financial requirements.

Get Pre-Approved for FREE!

To take advantage of our special offer, click here to Apply for a Mortgage. It only takes a few minutes and will help you figure out how much you’re approved for before you start house-hunting.


Get Pre-Approved

Get Pre-approved!While it really doesn't matter why you need a new house, it does matter how you go about purchasing it. The first step is getting Pre-Approved. Take the worry out of financing and click here for all the details.

What is a Reverse Mortgage?

Reverse MortgagesA Reverse Mortgage is a unique loan that allows homeowners age 62 years and older to convert part of the equity in their home into monthly income or cash without having to sell the home, give up title, or take on additional monthly mortgage payments. Click to learn more.

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