Posts from July 18th, 2022

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Do I Need a Mortgage Pre-Approval Letter?

July 18th, 2022 by Lewith & Freeman Real Estate Inc.

"Be Prepared to Move Quickly" is the best advice a serious buyer can receive in this challenging real estate market. The current market is extremely competitive because there are so many more buyers than there are sellers offering homes available for purchase. So, yes, it is important to be fully pre-approved for mortgage loan financing and securing a pre-approval letter should be the first step of the buying process. In fact, in today's market, we find that many sellers expect submission of a pre-approval letter or proof of funds before even allowing a potential buyer to enter and preview their property.

Click Here to Read More...

Categories: Tips Advice, First Time Buyer