Phone: (707) 763-6290

Video: Why You Need Mortgage Pre-Approval

Why You Need to Get Mortgage Pre-Approval

Securing mortgage pre-approved before purchasing a home is critically important.

Knowing how much home you can afford will make it easier for both you and your real estate agent to find a home that is best suited to you.

In a competitive market, a homebuyer with a pre=approval letter can also have a better chance of getting the offer accepted. There is even the possibility that a l;ower sales price will be accepted because the homebuyer has a pre-approval letter.

The pre-approval process involves gathering paycheck stubs, bank statements, tax returns, debits and other financial paperwork for review. The process also involves ordering a credit report on your behalf. Your credit score will determine which type of loan you are eligible for.

If, during this process, it is determined that your credit score is low, there are things we can do to help you buy a home in the future.

Interested in starting the homebuying process with a pre-approval letter? Call us at (707) 763-6290 or email