Now More Than Ever: Why You Need Your Pre-Approval Letter First
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Now More Than Ever: Why You Need Your Pre-Approval Letter First. You search and search. Finally, you find the perfect home! You (and several other happy families) submit an offer. Unless your agent sends the lender's pre-approval letter along with your offer, chances are, your offer will not get the serious consideration it deserves if the other happy families have sent pre-approval letters with their offers. It has become a seller's market. The number of homes for sale is down, the demand is up. Sellers do not want to risk taking your offer only to find out later that you can't get a loan. So before you begin the search for your home, contact a lender (or two or three). Find out how much you can afford, find out what the payments will be. At a minimum, you'll need the following: paystu...
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