Pre-Approval Letter ⋆ Guthrie Group Homes

Q: Pre-Approval Letter

[caption id="attachment_10918" align="alignnone" width="760"] Pre-Approval Letter[/caption] What is a Pre-Approval Letter? It is a letter from a lender indicating you qualify for a mortgage of a specific amount. Getting Pre-Approved You’ll fill out a mortgage application , provide documents, and bank statements, get a copy of your credit report , etc. Getting pre-approved is what you need to do before starting a home search. The person selling your dream home will want to make sure you really are qualified to buy. Most sellers aren’t willing to accept your offer with only a pre-qualification .

Pre-Approval Letter

Posted by Libby Guthrie

What is a Pre-Approval Letter?

It is a letter from a lender indicating you qualify for a mortgage of a specific amount.

Getting Pre-Approved

You’ll fill out a mortgage application, provide documents, and bank statements, get a copy of your credit report, etc.

Getting pre-approved is what you need to do before starting a home search. The person selling your dream home will want to make sure you really are qualified to buy. Most sellers aren’t willing to accept your offer with only a pre-qualification.