Lenders

If a Real Estate Buyer plans on financing a majority of the purchase of a property, it is highly recommened that they receive a pre-approval letter from their lender.

Mortgage Broker vs. Mortgage Banker

A mortgage broker or loan officer may give a client either a pre-qualified letter or a pre-approval letter. To the average person, these may seem like the same thing but in the nuances of a Real Estate Transaction, they are different.