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Get Pre-Approved

Does it Help to be Pre-Qualified by a Lender?

The pre-qualification process can be completed fairly quickly, based on less information than is required for getting pre-approved. While it is fast and it does help, a pre-qualification letter is an opinion from a lender of the maximum amount of real estate you can qualify for. In a competitive seller’s market, an offer from a buyer with a pre-qualification letter could lose out to a person who is pre-approved.

Get Pre-Approved by a Lender

There are several benefits to going the extra mile and getting a pre-approval letter. First of all, you will know exactly how much real estate you can afford. When you find a property you want to buy, your offer will be in a better positioned than someone less prepared. Finally, being pre-approved is more efficient; it reduces the amount of time it will take your lender to fund your loan. Be prepared to provide comprehensive documentation, which the lender may independently verify, including but not limited to:

  • Job and career status
  • Income
  • Monthly debt payments
  • Cash available
  • Total assets and debts

Testimonials

Team Azzi you're an amazing team... Thank you for staying on top of everything and keeping the process smooth and professional.

Union Bank

Jordan and Tony were my agents for a 1031 exchange… (Jordan) went above and beyond his duties to make sure we closed… My exchange property is out of state and he guided me through everything since this was all new to me. It was the easiest real estate transaction I’ve ever had. Even now after

Sally Lefton

Learned a lot with this transaction! Thanks to the Azzi team - you really set the standard for your industry, both in professionalism and skill.

Jason Birkenstock

Azzi Advisors did great and I’m very proud of everyone this was a great transaction even though it was not an easy one and I’m very proud and thankful to everyone! Special mention goes to Tony and Rabbie, working with you is nothing short of awesome. Thanks for doing everything necessary to get the job

Alan T. Nissel

Tony and all of the Azzi Staff you all indeed know your stuff! Your professionalism & expertise of commercial real estate shined through in every step of the way. Your team always was responsive and followed up on concerns…. you all were always on top of all the details Thank-you.

Susan Wahlstrom

Have questions? Ask us!