mortgage loans: Pre-Approval Letter – Is it Necessary? - 04/22/13 07:47 AM
Many clients ask “why is a pre-approval letter necessary?”, since a pre-qualification was already done.  To answer this question, I thought we’d explore what each phase of the process entails to get one to the actual mortgage loan.  A pre-approval letter and pre-qualification letter are not the same.  Neither one is a guarantee that a lender will give you a loan but the pre-approval letter holds far more weight than the pre-qualification letter.  The ultimate goal for a borrower is to obtain a commitment letter from the lender.  Let’s look at each one and see what the difference is. 
Pre-Qualification … (0 comments)

Lisa Cromwell, Realtor, CRS, Loudoun, No. VA (RE/MAX Premier, Northern VA, Loudoun County)

Lisa Cromwell

Realtor, CRS, Loudoun, No. VA

Leesburg, VA

More about me…

RE/MAX Premier, Northern VA, Loudoun County

Address: 44675 Cape Court , Ashburn, VA, 20147

Office: 571-207-7010

Mobile: 703-999-6535

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Lisa Cromwell, a Leesburg-based REALTOR®, lives and works in the heart of Loudoun County, Virginia. Part of Northern Virginia and the Dulles Tech Corridor, Loudoun offers something for everyone in its landscape of suburbs to rolling countryside dotted with historic villages.



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