Augusta
VIP Contributor
As a buyer,getting a mortgage pre-approval letter is important. This will help you as a home buyer to have an idea of what you can afford to buy with your mortgage
You would get a mortgage pre-approval letter from the lender, which will help you see the terms of the loan to receive, the loan type and loan amount the you qualifies for after they have checked your debt-to-income ratios. The lender will also check your cash on hand and credit history.
You need to get this letter to buy your home as a lot of sellers demand for a mortgage letter with any home offer that payment isn’t all-cash.
The mortgage pre approval letter will be a proof that the buyer has been qualified to get financing.
You would get a mortgage pre-approval letter from the lender, which will help you see the terms of the loan to receive, the loan type and loan amount the you qualifies for after they have checked your debt-to-income ratios. The lender will also check your cash on hand and credit history.
You need to get this letter to buy your home as a lot of sellers demand for a mortgage letter with any home offer that payment isn’t all-cash.
The mortgage pre approval letter will be a proof that the buyer has been qualified to get financing.
