What is a Pre-Qaulification Letter? All a Pre-Qualification letter states is that the Buyer can (probably) purchase a home based on the information provided to the lender. People can get confused, lenders can make errors, and sometimes people are not honest. I personally don't see much value in a Pre-Qualification Letter and advise my Sellers to insist on a "Pre-Approval Letter" within 7 business days of receiving an offer. I always encourage my Buyer clients to obtain a "Pre-Approval Letter" prior to even looking at houses because many people, like myself, don't put much stock in a "Pre-Qualification Letter." My advice, skip this step, get pre-approved, then focus on finding the right home.

Why Should I Get A Pre-Approval Letter? Unlike a Pre-Qualification Letter, a Pre-Approval Letter from a reputable lender is the logical first step in the home buying process. The lender will verify the information from the Buyer and Buyer who can provide a "Pre-Approval Letter" to a Seller when they present an offer tends to be taken seriously.

As a Realtor® representing Buyers in Butler County, Ohio, I recommend my clients get a full loan approval (pending title exam and appraisal on property). If, for whatever reason, you decide to get pre-qualified prior to obtaining a Loan Approval, it will speed up the loan approval process. A number of factors determine the price range of homes you'll want to preview - one of these factors is loan pre-qualification.

As your agent, I will help you pre-qualify. Items considered when pre-qualifying for a mortgage loan include:

• Employment History
• Credit History and Scores
• Monthly Income and Expenses

With my knowledge of the Butler County Ohio mortgage market, I'll help you make an informed decision as to the type of loan you'll want. There are many different types of loans to consider - FHA, VA, Conventional and even Bad Credit Loans. We'll find the best loan for your situation.