When purchasing real estate, your realtor will want you to get a home loan approval letter to establish credibility with the seller. Getting a pre-approved mortgage is also critical so that you can set a budget. You need to know the price range the lender is comfortable with and home loan approvals typically specify exactly how much a borrower is approved for.
Get Home Financing Advice Even if Lenders Have Rejected Your Applications in the past
Get a Written Home Loan Pre-Approval so You Can Buy a House with Confidence
Rates and mortgage programs are subject to change. Check with one of our lenders for current rates and getting a formal loan approval letter.
Nationwide posts home loan articles regularly on their blog: