ReCasa Financial Blog

Not only is getting a pre-approval / prequalification letter beneficial to you so you can determine the loan amount that you will be approved for, but it also demonstrates to brokers and realtors that as an investor , you are able to purchase a property and eager to do so.  They will have a bigger desire to work with you over someone who has not been pre-approved/ pre-qualified.  A pre-approval/ prequalification letter states that you qualify for a particular loan amount by a specific lender.