Tag: Pre-Approval Letter

A letter issued by your lender to indicate that they have reviewed your finances and has approved you for a certain loan amount. The pre-approval letter will also indicate the type of loan that you will be using and the conditions that you will have to meet to obtain the loan.

Why Pre-Approval Should Be Your First Step

Before you even begin your home search, you should review your budget and determine how much you can afford to pay for a house. Sure, you can do some simple calculations to figure out how much you can buy, but there are other factors that affect your loan amount so it is best to talk to […]