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Feeling uninspired with your living situation? The Live Everywhere Newsletter is here to keep you in the loop on luxury real estate & travel trends so you can live here & there

Receive news on real estate in your local community, and be the first to know about trends and market conditions that affect your property value.

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    Get Pre-Approved

    Does it Help to be Pre-Qualified by a Lender?

    Yes!The pre-qualification process can be completed fairly quickly, based on less information than is required for getting pre-approved. While it is fast and it does help, a pre-qualification letter is an opinion from a lender of the maximum amount of real estate you can qualify for. In a competitive seller’s market, an offer from a buyer with a pre-qualification letter could lose out to a person who is pre-approved.

    Get Pre-Approved by a Lender

    There are several benefits to going the extra mile and getting a pre-approval letter. First of all, you will know exactly how much real estate you can afford. When you find a property you want to buy, your offer will be better positioned than someone less prepared. Finally, being pre-approved is more efficient; it reduces the amount of time it will take your lender to fund your loan. Be prepared to provide comprehensive documentation, which the lender may independently verify, including but not limited to:

    • Job and career status
    • Income
    • Monthly debt payments
    • Cash available
    • Total assets and debts

    Connect with Lisa

    Lisa is ready to answer any of your questions. Send her an email by filling out the request form.

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