Why Pre-Qualifying for a Mortgage Should be Done Before Making a Purchase Offer

Why Pre-Qualifying for a Mortgage Should be Done Before Making a Purchase Offer: "So you're in the market to buy a new home and you have your eye on a property that you think might be 'the one'. Whether or not you have enlisted the aid of a professional real estate agent you will want to do one thing prior to submitting an offer to the home seller: pre-qualify for a mortgage.
Pre-qualifying for a mortgage prior to making a purchase offer is wise because you can include a copy of your pre-qualification letter along with the offer, which indicates to the seller that you are a legitimate buyer. If a seller receives two offers, one with a letter of pre-qualification from a mortgage broker and one without, which do you think will get stronger consideration? Often times, sellers will look harder at an offer for less money if they are confident that the buyer can actually purchase their home."
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