What to look for on a pre-approval letter

4 items to look for on a pre-approval letter
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Shopping for a home may be exciting and fun, but serious homebuyers need to start the process in a lender’s office, not at an open house. I can help you with that!
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Most sellers expect buyers to have a pre-approval letter and will be more willing to negotiate with those who prove that they can obtain financing.
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Here’s what to look for in a pre-approval letter:
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Loan amount:
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This is the maximum you can borrow.
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Status date & expiration date:
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How long the pre-approval letter is valid for (most are 90 days from when credit is pulled)
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Mortgage type:
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What type of loan were you approved for? FHA, VA, USDA, Conventional? Other?
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Terms and conditions:
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The length of the loan and any document and funding requirements.
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Message me for info, I know it can be confusing!! Holly.ecimovic@edgehomefinance.com
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Holly Ecimovic, NMLS 2396592
Licensed LOA/Loan Processor
Edge Home Finance Corporation
Company NMLS 891464
HollyEcimovicMortgage.com
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