Is your mortgage pre-approval still current?

A mortgage pre-approval is a big first step in the homebuying process. It helps you understand how much you may be able to borrow and shows sellers that you are serious about buying a home. But here’s the catch: pre-approvals usually only last about 60 to 90 days.

That means if you got pre-approved earlier in the year, April may be the perfect time to check in and update it.

In this video, Matt Helton explains why updating your pre-approval matters, especially during the busy spring homebuying season. We cover how changes in your income, credit, debt, and interest rates can affect your buying power and loan options. Think of your pre-approval like a snapshot. If your financial picture changes, your approval may need a refresh too.

This video is especially helpful for first-time homebuyers who want to stay prepared, competitive, and ready to make an offer when the right home comes along.

What you’ll learn in this video:

What a mortgage pre-approval really means
How long most pre-approvals last
Why income, debt, and credit changes matter
How interest rates can impact your monthly payment and buying power
Why an updated pre-approval helps in a competitive spring market
What documents your lender may need to refresh your file

Company Name: One Trust Home Loans
Host: Matt Helton
NMLS: Matt Helton NMLS#178551 | OneTrust Home Loans NMLS #46375
Website: https://onetrusthomeloans.com/

Podcast: https://www.servingseniorspodcast.com/

YouTube: https://www.youtube.com/@servingseniorspodcast

Address: 320 Seven Springs Way, Ste 250, Brentwood, TN 37027
Phone: https://onetrusthomeloans.com/
or call (888) 488-3807
Email: Contact us through https://onetrusthomeloans.com/

Follow us:
Facebook: https://www.facebook.com/MattsMortgageNews

LinkedIn: https://www.linkedin.com/in/matt-helton-7b3bab6/

YouTube: https://www.youtube.com/@servingseniorspodcast

Licensing Information:
Loans Provided by OneTrust Home Loans, a dba of CalCon Mutual Mortgage LLC NMLS #46375, https://www.nmlsconsumeraccess.org/
; 3838 Camino del Rio N Suite 305, San Diego, CA 92108. Corporate phone (888) 488-3807.

All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms, and conditions are subject to change without notice. By refinancing your existing loan, your total finance charges may be higher over the life of the loan. Reference: 10 VAC 5-160-60 (F)

Disclaimer:
The information is intended to be viewed for informational purposes only. The content contained herein is not guaranteed or endorsed by the company, or any company mentioned, nor is this content meant to be an offer of credit. The information contained in this video may not be wholly or at all applicable to every situation or jurisdiction. You are strongly encouraged to consult your professional mortgage advisor before acting upon any information in this video. The information provided is for use as a training tool only. The information is not intended, nor should it be relied upon for any other purpose.

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#HomeOwnership #FirstTimeHomeBuyer #MortgageTips #BuyingAHome #HomeLoanHelp #MortgageAdvisor #RealEstateEducation #HomeFinancing #servingseniorspodcast #matthelton #onetrusthomeloans

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Did you get pre-approved for a mortgage earlier this year? It might already be time for an update.

Most mortgage pre-approvals only last 60 to 90 days. So if your income, credit, debt, or even interest rates have changed, your old pre-approval may not give you the full picture anymore.

Think of it like this: your pre-approval is a snapshot of your finances. If life changed, your snapshot probably needs a retake.

Updating your pre-approval can help you:

Know your true budget
Stay competitive with sellers
Move faster when you find the right home
Avoid surprises later in the process

Spring is a busy buying season, and a current pre-approval can help you shop with more confidence.

Company: One Trust Home Loans
Host: Matt Helton
Podcast: Serving Seniors Podcast
Podcast URL: https://www.servingseniorspodcast.com/

YouTube: https://www.youtube.com/@servingseniorspodcast

Website: https://onetrusthomeloans.com/

#FirstTimeHomeBuyer #MortgageTips #BuyingAHome #HomeFinancing #HomeLoanHelp #RealEstateEducation #MortgageAdvisor #servingseniorspodcast #matthelton #onetrusthomeloans