The Pre-Approval Process
In order to give you a quick pre-approval letter, there are a few documents needed. The exact documentation needed depends on your unique scenario, but expect to have the following things on hand when contacting me.
1. Proof of Income - W-2s, pay stubs, and 1040 if self-employed
2. Proof of Assets - Bank statements and investment account statements
Why should I get a pre-approval letter?
Pre-approvals speed up the home buying and loan process. They show that you are a qualified, able buyer with the funds to close the deal. In most competitive markets like LA, it is essential to get when competing with other buyers. You want to show your commitment to buying a home, and a pre-approval is the easiest way to do that.