Page 15 - Homeowners Manual - Dallas-Fort Worth, Texas
P. 15
PREAPPROVAL LETTER - Once you’ve chosen a loan and lender, it’s important to get preapproved and obtain
a preapproval letter� To do so, a loan officer will need to review your credit files and discuss exactly how much
you can borrow� Be sure to show your preapproval letter to your real estate professional before you begin
looking for homes�
Why do I need a real estate professional?
Buying a home is one of the largest investments you will ever make� A real estate professional can research
homes that specifically meet your criteria and provide access for you to preview homes, helping you narrow
down your list of potential properties� Homes differ and so do contract terms, financing options, inspection
requirements and closing costs� When you’re ready to make an offer, a real estate professional can assist you
with negotiations, and guide you through the process once your offer is accepted�
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