Blogs Tagged: pre-approval letter

Getting a Loan - Step 3: Awaiting the Documentation

Posted On: Thursday, February 2, 2012 - 4:35am | Posted By: dianehourany
Topics: Buyers and Sellers

Your offer has been accepted for your dream home and your mortgage broker has begun the process of getting loan approval for you. He's ordered the documentation the bank requires.

Now we're Awaiting Documentation.

Getting a Loan - Step 2: Ordering the Documentation

Posted On: Wednesday, February 1, 2012 - 5:21am | Posted By: dianehourany
Topics: Buyers and Sellers

Yesterday we talked about the first step in getting a loan to finance your home purchase. After selecting a qualified, local mortgage adviser and providing him with your paperwork, he has issued a pre-approval letter for you to submit with the offer for your home. When your offer is accepted, things kick into high gear.


Find Out What It Takes to Get a Loan These Days

Posted On: Tuesday, January 31, 2012 - 3:19pm | Posted By: dianehourany
Topics: Buyers and Sellers

Before you even start your house hunting, you need a license! I liken the pre-approval letter from a qualified mortgage broker to a license to go house hunting. Without that piece of paper, you may think you know how much you can afford to pay for a home, but the banks may have a different idea of what you can qualify for.