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Real Estate
Reply to "Mortgage Preapproval and Shopping Around"
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[quote=RealtorDAD]I think I can help a bit with that question. I am a realtor in DC and VA, living in the Palisades. As a buyers agent, one of my first questions upon meeting a new potential client is the status of their pre-approval letter. I always suggest shopping a bit. I have a lender that has help every single one of my clients that used him. I get no incentives for referrals to him either, and I suggest to my clients they get at lease a second quote. It is important in the buying process to obtain pre-approval first, before "falling in love" with a property that you may come to realize is actually out of your price range. Finally, a pre-approval letter is required as part of an offer, so its not even worth looking until you have real numbers. If I can be of assistance any further feel free to reach out to me, Brendon Mills Keller Williams Brendon@MitchCurtisHomes.com[/quote]
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