Loan Pre-Approval

Clients using loans as financing for purchasing a property are provided pre-approval through lenders of their choice. Lenders provide clients and realtors the pre-approval letter (PAL) as verification for property search and submitting offers to listing agents for their sellers.

Below are some of the lenders our clients have used and trusted:

  1. New American Funding

  2. Street Home Lending

  3. Guild Mortgage

Some helpful questions to ask lenders:

  1. What’s the difference between pre-qualification and pre-approval?

  2. What lender financing product will be best for my financial situation, budget, and goals?

  3. How long does the pre-approval last to for property search before re-doing the process (e.g. 30, 60, 90, 120 days, etc)?

  4. How many days until the close of escrow?

  5. Will an appraisal be necessary?

  6. How many days until appraisal?

  7. What are all and any closing cost?

  8. What should I be asking for a successful home ownership and managing the loan payoff?

  9. How do you help my realtor in the offer and negotiations to purchase the home?

  10. Will you be available during escrow (contract) to answer any questions from me, the listing agent, title/escrow, and others as needed?

  11. What is a rate lock and how does that work in offer, escrow, and life of the loan?

  12. Do you have a backup if you are unavailable during escrow?