For homebuyers, there are few things more thrilling than finally finding that perfect house. The very first step to purchasing your dream home is to know how much home you can afford. A preapproval letter is a letter from a financing institute such as a bank or a lender to see how much a home buyer can qualify for.

A pre-approval letter can give real estate agents and home sellers confidence that you are a serious buyer who is financially prepared for this purchase. Real estate experts agree that having a pre-approval letter in hand is the single most important step real estate buyers can take to ensure they’re financially ready for their next real estate purchase. 

The amount you are qualified for as a home buyer is critical in setting up your price range for viewing homes.

                                                                
In today's competitive housing market, it's essential to get pre-approved for a mortgage loan. There’s a lot of competition for homes that come on the market, and it can be hard for qualified buyers to win bidding wars without a preapproval letter. In fact many agents will not show buyers homes unless they are preapproved and sellers may not take your offer too seriously if there is no preapproval letter        attached to your offer.

                                                               
If you’re in the market for a new home, it can be hard to know which steps to take and when. A loan officer and real estate advisor will help make sure your mortgage is getting approved or that you find the perfect property before someone else does!

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