Before you invest too much time into your house pursuit, conventional wisdom says you should speak to a bank or lender first. This is of course a free no hassle experience for all and takes about 20 minutes to complete an application.
The lender will help you identify the best loan product and provide you monthly mortgage payment examples. Most lenders follow the same qualifying protocols making it redundant to obtain multiple approvals from different lenders. A lender’s pre-approval letter is an essential part of the buying process and required when submitting an offer.
The letter communicates you’re qualified for the loan listed on the offer. We work with a variety of local lenders and freely refer them to customers. Many offer specialized products geared toward buyers with specific needs. If you would like a list of reputable lenders, please let us know.