In today’s market you can’t afford to be caught off guard. One of the most important things a buyer can do is to get pre-qualifed. The seller will see you as being serious and they will know you can afford the home. If your preapproval letter is from an out-of-area broker or lender, get a local preapproval instead. Match your pre-approval letter to your sales price and date it the same day as your offer.
In fact, in today’s market, most sellers will not accept an offer without a loan pre-qualification letter.
Without a pre-qualification letter the seller might be concerned that he can’t count on you to qualify for your loan. With prequalification, your qualifying for your needed mortgage loan amount won’t cause them concern – you have the capability to back your offer up.
Click here to get pre-approved quickly.