As a buyer, in the Orlando, FL area, looking for a property, you have a good chance of getting your offer accepted by being as prepared as you can be.
That means you should get pre-qualified or pre-approved for a mortgage.
Being Pre-approved puts you in a much stronger positiion than say being pre-qualified.
A pre-approved borrower has provided a lender with written evidence of income, expenses, assets, liabilities and credit. The info is verified by a lender. Thus much of the paperwork for this borrower's application has been completed. In most cases the only factors for final approval lie with the property. It must appraise in line with the loan amount. With a pre-approval you may be able to close quickly.
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