Richard Gluck
CTX Mortgage Company
Two Carlson Parkway #220
Plymouth, MN 55447

Cell: 952-994-2856
Direct: 763-390-4414
Fax: 763-390-4419
Email: richard.gluck@ctxmort.com

Preapproval

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Twin Cities Mortgage Preapproval Information

Understanding Preapproval

You are preapproved when you have met the terms and conditions to be eligible for a mortgage loan.

Pre-approval

You've made a loan application and submitted financial information such as paystubs, W2's, and bank statements. We've reviewed that information and obtained a credit report.

At CTX, it also means we've submitted your loan for underwriting review, usually through computerized automated underwriting. If you are preapproved through automated underwriting, and have met the Conditions of Approval, your conventional loan is eligible for purchase by an investor.

Full approval

You've provided a purchase agreement, an appraisal, and have met the Conditions of Approval.

Your Obligations

We expect that you have chosen CTX as your lender. We have invested substantial time and money in the service you needed to allow you to compete for the home of your dreams. We have legal responsibility as well: we have had to issue written assurance to the seller that our approval is valid.

After you buy a property, you must pay for the appraisal promptly, and lock in your loan in a timely fashion. We may ask you to get us additional items of loan documentation or to update items which are too old.

We need prompt action from you when we ask for the items. We need you to tell us what you are doing with your finances before you do it, even if it makes perfect sense to you. We are partners in this and together we are making your dream a realty!

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