It is imperative that the prospective buyer
has documentation qualifying them for the purchase. Not
only does this provide leverage when negotiating for a sales
price, it also sets the buyer at ease with information regarding
monthly payments, taxes and insurance regarding the property.
The process is simple, a buyer will be
introduced to the lender of their choice. This lender will
assess the buyers financial status in relation to their
future purchase. The pre approval process can be completed
over the phone in as little as 10 minutes. The lender will
provide a pre approval letter that informs the prospective
buyer exactly how much the future loan amount can be, as
well as what monthly payment on the purchase can be expected.
Not only does this process allow the prospective
buyer to narrow their search for a property according to
price, it also provides the prospective buyer with leverage
in the purchase of the property. A seller will always consider
a buyer with loan approval, but sellers are always weary
of buyers without any form of guarantee of the intent to
purchase.
Loan
Pre-Approval 