Sellers expect a pre-qualification or pre-approval letter to be submitted with an offer. If a pre-qualification or pre-approval is not submitted with the offer, it will usually be requested within 24 hours of agreement of terms of an offer in writing. If you are in a bidding war with other buyers, the absence of a pre-qualification or pre-approval could hurt your bargaining position.

It is best to speak with a qualified mortgage consultant to determine how much home you can afford and whether you will qualify for your desired loan type and amount. A qualified mortgage consultant will also be able to provide a good faith estimate which will outline your down payment, costs to close and estimated monthly payment.

Coldwell Banker Home Loans is open to make loan decisions 7 days a week, 9am to 10pm. Because we work with so many buyers, Coldwell Banker Home Loans has designated us as a premier agent. This entitles us to a direct 800# for our clients as well as dedicated loan specialists ready to serve you.

Email us for more information about Coldwell Banker Home Loans, other qualified mortgage consultants and examples of what sort of documents you may need to produce to qualify for a mortgage.

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