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Hey Everyone it's Darren Copeland, Your Mortgage Expert. In this video we're going to cover
exactly what getting Pre-Approved means. Whether you going to get a FHA, VA, USDA, or Conventional
loan here in MO or KS it all works the same. Getting approved means that your Mortgage
Banker (which would be us!). Has taken your information so we can run your credit and
figure you Debt to Income ratios. Your Debt to Income ratio simply measures how much is
coming in each month vs. how much money is going out. This ensures that you can afford
the home you choose. We always trust but verify here at LeaderOne. What that means is that
after we check your credit then we have you send in your recent tax returns, bank statements
and pay stubs. Then after that checks out we issue your Pre-Approval letter and your
off to find the home of your dreams. Thank you for watching this video. Be sure to call
us or email with any questions and we look forward to working with you.