How to beat the buying competition with a loan pre-approval

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About the authors: The above article 7 Tips to Help a Home Buyer Win in a Multiple Offer Situation was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock). With almost 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

Buying. mortgage for which you can qualify and provide a letter that shows you’re pre-qualified. In the meantime, keep track of all those financial forms and add new pay stubs and bank statements.

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Not only does a pre-approval letter help you finalize your home buying budget, it can also be a key variable in today's competitive market.. Jules Deas, a mortgage loan officer with SunTrust Mortgage, shares his insights on how pre- approval can. Also, having a letter from a respected lender might also beat out a vague.

If you wanted to buy a used car from a private seller or independent dealership, you would have to take out a personal loan, which usually carries much higher interest rates. Why Get Preapproved.

Mortgage pre-approval is a commitment from a lender to provide you with home financing up to a certain loan amount-basically, the stamp of approval that you have the money, credit history, and.

On one side, bank managers, stung by an overhang of bad loans from the. the banks now clearly buy instead of build and so can shift quickly among fintech firms, these new developments promise to.

Get real buying power with our Priority Purchase Program, giving you underwritten pre-approvals that will beat your competition and help you win the offer.