Main Content

Get Pre-Approved

Get Pre-Approved

Does it Help to be Pre-Qualified by a Lender?

The pre-qualification process can be completed fairly quickly, based on less information than is required for getting pre-approved. While it is fast and it does help, a pre-qualification letter is an opinion from a lender of the maximum amount of real estate you can qualify for. In a competitive seller’s market, an offer from a buyer with a pre-qualification letter could lose out to a person who is pre-approved.

Get Pre-Approved by a Lender

There are several benefits to going the extra mile and getting a pre-approval letter. First of all, you will know exactly how much real estate you can afford. When you find a property you want to buy, your offer will be in a better positioned than someone less prepared. Finally, being pre-approved is more efficient; it reduces the amount of time it will take your lender to fund your loan. Be prepared to provide comprehensive documentation, which the lender may independently verify, including but not limited to:

  • Job and career status
  • Income
  • Monthly debt payments
  • Cash available
  • Total assets and debts

Work
With Cory

Cory offers an unparalleled level of service to his clients, and he would love to be a resource for you. Whether you are buying, selling, renting or investing; his level of professionalism and expertise will exceed your expectations and he will always help you achieve your goals.

Contact

For exclusive news and market updates sign up for our newsletter.

Before you go...
Join Our VIP List! Sign up to get new exclusive homes and listings before anyone else.