Question: What’s a mortgage “pre-qual” pre-qualification letter?
Answer:
“Pre-qual” = Pre-qualification letter from a mortgage broker or bank.
It’s critical that you conduct this step first before looking for a house, because based on your present financial status the mortgage broker or bank will tell you exactly how much house you can afford to buy.
By doing this first, you prevent anyone; especially yourself (as a buyer), plenty of time, energy and/or emotions.
Remember, home buying or selling is a very emotional process. As your real estate professional I want to assure that the only emotions you feel are pleasurable, happy and memorable; rather than of frustration, anger, anxiety or disappointment.
If you have any real estate questions, feel free to comment below, email me at zita@myrealtyassociates.com or call
203-440-0303
Ext. 203. Mrs. Zita, Realtor (R) Realty Associates
Filed under: Real Estate
Hi Mrs. Zita,
Is it much better to have a pre-approval letter now a days?