Home Bookmark Me! What We Offer Relocation Info Free Relocation Kit Homes For Sale Search For a Home Single Family Homes Planned Communities Condominiums Gated Communities Golf Communities New Construction Retirement Areas Towns & Villages Architectural Styles Raleigh Info Raleigh Links Chapel Hill Info Cary Info Durham Info Other USA Cities Employment Schools For Kids Area Maps Relocation Info Your Language Request Info Form Mortgage Info Pre-Qualify Buyer's Brokers Home Inspectors Title Companies Real Estate Lawyer Moving Companies Hotels Bed & Breakfasts Luxury Resorts Restaurants Short Term Housing H.R. Professionals Company Founder Utilities/Services Home Maintenance	Pre-Qualifying Why You Should be Pre-Qualified or Pre-Approved for a Mortgage Obtaining a letter of mortgage pre-approval from a bank may play a vital part in the successful house buying process. (In the case of people who are able to pay cash, all that is needed at the time of the purchase offer is proof of funds to close.) There is no charge for this letter, neither is there any obligation for you to take a mortgage from the bank that issues the pre-approval letter. The pre-approval letter is important because: A letter of pre-approval helps you to determine exactly what your spending power is, taking into account the local property taxes. It strengthens your offer, as it indicates to the seller that financing is available to you. This is especially important in a busy market where competing offers may come in on any given property. Pre-approval will clear any doubt you may have about your spending power and save you time and disappointment during the house-hunting process. We usually try to show clients homes that range from a little below to a little over the indicated price range. The reason for this is to give you a better understanding of value for money in our real estate market. Please let us know if you would like us to arrange for a banker to call you. Alternatively, we can give you the names and numbers of bankers we know will help you pre-qualify.