Vivinavi : Seattle : (United States) Seattle

When buying a home, first contact your loan company. Most people will first contact a real estate agent when buying a house. Then, you will probably be asked, "Do you have a Pre-approval Letter? In the U.S., when purchasing real estate, this Pre-approval Letter is attached to the （ Buyer's Proposal ） to the Seller when making an offer to the Seller and proposing the asking price and other conditions. This certifies that the buyer "has consulted with a loan company and is able to obtain a loan.
This is because it would be a waste of the seller's time if the seller decides to accept the asking price and other terms offered by the buyer （ and our offer is accepted ）, but "we went to the bank and the loan was not approved". Therefore, before contacting a real estate agent, it is ideal to contact a loan company （ bank or broker ） to confirm the loan amount, monthly repayment amount, etc., to choose the right program for you, and to find out what price you can afford to purchase. This will make it more efficient for the real estate agent looking for the property.