Why should I get pre-approved?

I have several lenders that I have worked with in the past that have done a great job for my clients and offer very good rates. I would encourage you to move forward with a pre-approval to ensure that when you do find the right place that you are able to act on it. Bank owned properties for instance will require a pre approval letter to submit an offer, sometimes you have very little time if the price is good to get an offer submitted. There are many benefits to being a pre approved buyer and very few disadvantages.