Pre approval loan letters
This is an essential first step to shopping for a home. Realtors will even ask for a pre approval letter to begin the process. It simply confirms that you are qualified to buy. Although you will not be utilizing that particular lender services, a pre approval letter proves that you are credit worthy for a assumable loan. It also minimizes anxiety, and removes any last-minute loan surprises. As Mortgage approval is generally the longest contingency to satisfy in a purchase, its best to completed it on the front end. Use any free no obligation pre-qualification services online to find out if you qualify for a home FHA/VA/ARM loan.
Don’t surmise its value!