Before we “hit the road” and begin viewing homes, it will be necessary to establish your financial qualification to purchase a home, and the amount you are qualified to borrow. This is known as Pre-Approval, wherein a written statement will be prepared by our in-house lender, or by another lender of your choice, affirming that you are qualified to borrow a specific amount with a specific down payment to buy a home, based on your current salary, debts, employment history and credit scores. Presenting this letter along with your offer assures Sellers that you are qualified and serious about buying the house. Most Sellers require a Pre-Approval letter from a mortgage lender to be submitted along with your Offer to Purchase.