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Can you get pre-approved for a mortgage online?

From clothing to cars, you can shop for almost anything without leaving the comfort of your living room. You can also go beyond researching properties online and use the internet to buy your next home. Have you ever wondered if you can get pre-approved for a mortgage online too? Applying for a mortgage, consulting with a lender and submitting and signing most mortgage-related documents are now available electronically as the loan process becomes available online in the paperless age.

Here’s how to apply for a pre-approval online, the advantages of online applications and whether applying online or in-person is right for you.

Can you apply for a mortgage online?

Guild offers state-of-the-art digital mortgages, which include applying for a mortgage online and eClosings. An online application allows you to submit your income and asset information electronically and eliminates the need to fax, email or deliver hard copies.

After creating a MyMortgage account, you’ll find an easy-to-follow online application with personalized checklists. MyMortgage enables you to upload documents and manage checklists from any mobile device, simplifying the process from application to close.

MyMortgage guides you through the application step by step. If you can’t finish your application during one session, it saves your information so you can pick up right where you left off.

Through MyMortgage, our systems can instantly access more accurate and reliable information from validated documentation earlier in the loan process. This enables a faster and more reliable pre-qualification and then accelerates the underwriting and decision-making process.

How to get pre-approved for a mortgage online

Whether you’re applying for pre-approval or a mortgage online, the application process is the same. When filling out the application, just let us know which of these stages apply to you:

  • Browsing the market
  • Actively searching for a property
  • Under contract to purchase a property

Advantages of applying online

You get the best of both worlds when you apply for a mortgage online with Guild. You’ll have the convenience of filling out an application on your own time at home or work and the personalized service that comes with working one-on-one with an experienced loan officer. At Guild, real people are standing by to assist you through the entire process. Other advantages of applying online include:
  • Limited personal contact

    Applying online is a plus if you prefer to reduce in-person appointments.

  • Easy-to-follow application

    We’ll guide you through the application step by step. At any time, you can simply click the “?” icon for helpful tips.

  • More efficient

    Applying for pre-approval online can speed up the time it takes to close.

  • Enhanced security

    Upload your documents securely.

  • Environmentally friendly

    Adding digital steps means less paper is produced, saving more trees.

Should you apply for a mortgage online or in person?

Whether you should apply for a mortgage online or in person is a choice only you can make. Are you uncomfortable with technology? Do you prefer face-to-face interactions or speaking by phone? Then applying online may not be for you.

Don’t wait until you’re ready to buy a home to get pre-approved. The earlier you begin the process, the better. From pre-approval to closing, Guild Mortgage loan officers are here to guide you through your homebuying journey. Connect with an experienced loan officer today.

The above information is for educational purposes only. All information, loan programs and interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

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About the Author: Guild Mortgage

Founded in 1960 when the modern U.S. mortgage industry was just forming, Guild Mortgage Company is a nationally recognized independent mortgage lender providing residential mortgage products and local in-house origination and servicing. Guild’s collaborative culture and commitment to diversity and inclusion enable it to deliver a personalized experience for each customer. With more than 4,000 employees and over 250 retail branches, Guild has relationships with credit unions, community banks, and other financial institutions and services loans in 49 states and the District of Columbia. Guild’s highly trained loan professionals are experienced in government-sponsored programs such as FHA, VA, USDA, down payment assistance programs and other specialized loan programs. Guild Mortgage Company is a wholly owned subsidiary of Guild Holdings Company, whose shares of Class A common stock trade on the New York Stock Exchange under the symbol GHLD.