January 22nd, 2013 8:25 PM by Michael and Jill Kohler
Getting a pre-approval before you begin the home buying process is almost a prerequisite. First it helps you know you much you are able to offer. Your real estate agent won’t be concerned that they are wasting their time showing you houses you can’t afford. The sellers won’t be concerned that you won’t qualify for the loan. Plus the approval offers you an advantage when you place your bid, it basically adds strength to the deal. Obtaining the pre-approval letter is usually quite simple when you deal with a mortgage broker. It can usually be completed within a day.
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