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A pre-approval letter is an official document from your lender stating what size mortgage you may secure. Pre-approval is a strong indicator of your ability to purchase a home contingent upon the appraisal, purchase contract and other related factors.
What does my pre-approval letter include?1
How do I use my pre-approval letter?
Do I need to show my pre-approval letter when attending an open house or visiting a listed property?
1 A typical pre-approval letter includes the items listed above. However, your actual document may include fewer or additional items.
By Jill Best,
Aug 28, 2019
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