Pre-Approval Process

The first step in the process of homeownership, starts with getting a Pre-Approval. This process begins with the mortgage lender reviewing your financial situation. This includes reviewing your income, assets and credit history to best determine which loan programs you may qualify for, along with the price of a home you may afford. 

The Pre-Approval Letter is your "golden ticket" that you can take to your realtor to submit with any offer you make to purchase a home. This Pre-Approval Letter shows the sellers that you have had your financial situation reviewed and are serious buyers for their home. 

Many realtors require buyers to get pre-approved before taking you out to search for a home. Its a great practice to be Pre-Approved before starting your house hunt.