Is a Mortgage Pre-Approval Letter Necessary to Make an Offer on a House?
The short answer is, “No.” However, if you want your offer to be taken seriously and to stand out from any competing bids, this little piece of paperwork can really give you the edge. Here, Realtor.com explains the mortgage pre-approval process and why it’s necessary. What is mortgage pre-approval? Basically, a mortgage pre-approval letter is a guarantee from a lender that it’s willing to finance your home