Get a pre-approval letter! Even if you’re not a first-time home buyer, it’s always a good idea to decide what you can afford before you begin viewing prospective homes.
Even though it may take a few days to obtain a pre-approval letter, it enables you to provide proof to home sellers that you have a conditional loan approval, and it can help your Realtor® negotiate with sellers. A Realtor® may encourage you to get a pre-approval letter before they show you a home.
A pre-approval letter includes a formal review of your current credit report and financial information by an underwriter. You will be asked to provide copies of your paystubs, tax returns if you’re self-employed, W2’s, and bank statements.
Why a pre-approval letter matters:
- Determines the loan amount for which you are eligible.
- May increase your chances of winning a home bid.
- A home’s seller may require a pre-approval letter before signing a formal contract.
- You have the potential to close more quickly, beating other offers.
- May help to reduce stress, costs and time by helping you be prepared.
Why choose Caliber?
Caliber Home Loans was No. 1 in Washington State for 2018!
Caliber Home Loans, Inc. guided 6,647 Washington family’s home in 2018* making us the No. 1 lender in the state. The secret of our success? Always putting our borrowers’ needs No. 1.
Since Caliber is a dedicated lender, this means we can offer you plenty of financing and refinancing options, loan processing with less paperwork and a faster path to the closing table. In other words, the products and services provide you a simple, virtually stress-free home financing experience.
If you’re ready to buy your next home or still considering your options, give me a call. I’m here to answer your questions and help you when it’s time to make one of life’s biggest financial decisions. _______________________________________________________________
Senior Loan Consultant
NMLS ID: 57774
155 3rd Ave. South, Suite 2 | Edmonds, WA 98020
Direct 206-510-2118 | Fax 844-964-7591
Disclaimer: *Source: MetroStudy, 2018Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 NMLS ID #15622 (www.nmlsconsumeraccess.org). 1-800-401-6587. Copyright © 2019. All Rights Reserved. Equal Housing Lender. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations apply. Washington Consumer Loan Company License No. CL-15622
— Sponsored by Caliber Home Loans