If you’re in the market to buy a property you should get pre-approved for a mortgage. Sellers almost always require a Pre-approval letter with offers. A pre-approval letter tells the seller that you are a serious and capable buyer.

The pre-approval process involves providing income and employment information, as well as a list of your assets and your debts. The lender then verifies this information and does a credit check. If all is well, they will issue you a pre-approval letter.

Normally, if your offer is accepted, the home is within the price range approved by the lender, it appraises at a value of the offer price or higher and nothing material has changed in the information you originally provided, you are very likely to pass complete underwriting and get the mortgage money needed to complete the purchase.