It’s important as a buyer that you establish some kind of financing before you make any serious home offer. The pre-approval process allows lenders to take a look at your finances and credit history in order to make a general assumption about your loan amount. The pre-approval process is when a lender looks at all of your finances and determines the amount of money you could afford for a mortgage.
In order to get pre-approved for a loan, you need to contact a lender. Your Coldwell Banker Bain agent can help you help you find a lender that you feel comfortable with, and that offers programs best-suited to your needs.
Do you live in Washington or Oregon and ready to start the home loan process? CB Bain can help—contact us to learn more.