How do I get a pre-approval letter?
You can get a Better Mortgage pre-approval letter in as little as 3 minutes. A pre-approval letter is a document provided by a lender indicating how much you're pre-approved to borrow for a mortgage. Obtaining one is fast, and this initial step won't impact your credit score. Once you receive your mortgage pre-approval letter, you can use it to show sellers that you're ready to make a competitive offer on a home. One unique feature is that you can adjust the dollar amount on your letter. This way, sellers won't see the maximum amount you’ve been pre-approved for, which can be useful in negotiations.
Steps to Get a Mortgage Pre-Approval Letter
Start your application: Provide some basic financial information, such as your income, assets, and debts. This will give the lender an overview of your financial situation.
Submit documentation: Although not always required for an initial pre-approval letter, providing documents such as pay stubs, bank statements, and tax returns can speed up the process.
Receive your pre-approval letter: Once your information is reviewed, you’ll receive a pre-approval letter detailing the amount you’re eligible to borrow. This can be shared with real estate agents and sellers to demonstrate your seriousness as a buyer.
Why Get a Mortgage Pre-Approval Letter?
Getting pre-approved is a smart first step in the home-buying process and can help you act quickly once you find the home you want.
How Do I Get a Pre-Approval Letter from Better Mortgage?
Simply visit the Better Mortgage website, enter your basic financial details, and you'll receive your pre-approval letter within minutes. The process is fast and easy and will not impact your credit score.
