A pre-approval letter is the one you want when you begin the purchase of a home. You will have to provide your lender with tax returns, pay stubs, bank statements, and more pertinent information regarding your strength as a good buyer.
This information will help your lender give you a price range to stay in. It could be more than you care to spend, and that’s okay. Stay in your own comfort price range.
Besides letting you know what you can afford, it tells Mr. Seller that you did your homework and that you are a serious, strong buyer. This is especially essential in a multiple offer situation.
A pre-qualification does not require any of the above documentation, and therefore, is not sufficient for Mr. Seller…nor does it tell you what you can afford. Sometimes a pre-qualification can be verbal or sometimes it’s in the form of a brief letter, but without any of the necessary documentation needed.
This current market can be VERY challenging for homeowners. Many are struggling to get a gauge on their best options. With my guidance, you can make the right decisions immediately and avoid making huge mistakes concerning your biggest and most important asset. I'm here to show you how to eliminate uncertainty, focus on what you need NOW and win.