Community Realty

Before shopping for a home, you need to get all of your financing together. So, once you have singled out one or two lenders, you need to get pre-approved for a mortgage. Some sellers will not even consider buyers who are not pre-approved. In order to get pre-approved, you need to basically go through the loan-application process before making an offer on a house. You will have to give you lender all of your financial information and probably be asked to pay some sort of loan-application fee. Then your lender will pull out your credit history and view your credit score and complete everything. It is crucial that you get the pre-approval in writing. You need to get into the mindset that if it is not in writing, it does not exist. What you want is a full-blown pre-approval letter from your lender.