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You'll have an instant advantage over any buyers who haven't obtained a home loan. During the pre-approval process, the mortgage lender will examine your.
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easy home loan approval Reader question: “My uncle who is a real estate agent suggested that my wife and I get pre-approved for a home loan before we go out looking for houses.But he didn’t go into the details very much. He just said that sellers won’t give us the time of day’ without a lender letter of some kind.
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Home buying: Pre-Qualification and Pre-Approval – What's the difference between being “pre-qualified” versus “pre-approved” for a mortgage? This topic is the source of much confusion in the market. We're here.
Aarron: What we did was a pre-approval at a big bank. The pre-approval was good for 90 days. If we made an offer during that time we just called the mortgage rep and had him draft a letter that showed us pre-approved for the amount of the offer.
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