The pre-approval letter or pre-qualification letter is something that is usually asked for in our area when a offer is made on a home and financing is involved. Once application is received normally we can have this to our clients within 24 hours of application and in some cases the same day.
We do more than just review the file we actually put it through our automated underwriting process, on all loans including government loans to make sure that we are good and there are no surprises.
When it is written a copy is provided to you so that it can be provided to your real estate agent and turned in with your offer so that your offer receives as much consideration by the seller as possible.
We are able to begin the process either online at our website, over the phone in about a 10 minute phone conversation or in person by appointment so that we can answer any questions that you may have if you prefer a face to face meeting.
Darren Stewart
OakStar Bank
417 447 7927
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