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Why Is the Bank Asking Me to Get Pre-Approved? Roseville and Rocklin

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Uploaded by on Mar 7, 2011

You are getting ready to meet your buyer's agent to write an offer, or you have indicated interest in writing an offer on home "x." Your agent informs you, "it's suggested you submit your offer with a pre-approval from mortgage consultant or bank 'y'" - what does this possibly mean and why do they do this? Watch this video for ways to be prepared for this request and the reason why *some* banks or groups might do this ...

REALTOR(r) Steve Ostrom with Coldwell Banker Residential Brokerage
Mortgage Consultant with Wells Fargo Home Mortgage: Brian Skarg

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  • GREAT VIDEO!!! This is very imformative and I have worked with Steve Ostroms Team as well as Brian and they are both GREAT to work with. Very professional! Thanks for sharing

  • Helpful stuff. Nice job!!

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