Should I Get A Pre Approval Letter To Submit An Offer On A Home

Should I Get A Pre Approval Letter To Submit An Offer On A Home

If you are not pre-approved for mortgage financing it is like going to the grocery store without a wallet, you won't be able to make a purchase.  In order to make an offer for a home the seller will want to see proof that you can afford to buy the home.  A letter from your lender must be submitted with the contract offer along with an earnest deposit to prove you are serious about the home purchase.   For people who are interested in purchasing a home with cash, proof of funds in a checking or savings account is just as good as an offer letter from a lender, so provide a current bank statement.   In order to be properly represented by a Realtor the first thing they ask for before showing homes is the pre-approval letter.   This is to prevent wasting valuable time by both parties.   It's just good advice to get your credit in order, pay off outstanding debts and maintain stable employment to begin your home search.   Remember contact Angela at eXp Realty for more information on purchasing or selling your home, call 864-682-0311 or visit my website at:

http://angelahampton.gsp.exprealty.com/ 

No pre-approval letter, no showing homes.

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Phone: 864-682-0311
Dated: January 15th 2016
Views: 1,396
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eXp Realty South Carolina
711 Fairview St
Fountain Inn, SC
843-593-9750