The Bouchard Group: Home
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Loan Pre-Approval Is Absolutely Essential:

No matter what your income level, and no matter what your credit & debt history is like, the absolute first step is:

 "Getting a fully underwriten PRE-APPROVAL with a reputable mortgage lender."

I KNOW, I KNOW!!!, You're saying:

"I won't have any problems in getting my loan!" "My income and credit history is OUTSTANDING! Once I find a property to buy, I'll contact the mortgage lenders and shop them."

Guess what? By the time you sit down with your Realtor® to write your offer on your dream home..., It will be too LATE!!!

When you are ready to make an offer, the last thing you need is to be rushing around to find a loan.

Also, you will not have the documented negotiating leverage you need to successfully win a contract acceptance. The property will likely be sold to another buyer before you can act on it.

Most property sellers and listing agents today, will insist on a loan pre-approval or even a loan commitment prior to negotiating any contract for purchase.

Loan Pre-approval is different from a Pre-Qualification, Loan approval, and Loan Commitment. (See the glossary and detailed discussions on these topics elsewhere on this site.)

Don't allow an an over-eager Loan officer to dilute the pre-approval document with conditions and subjections.

Ensure that full under-writing has been completed prior to beginning your search and that all conditions and contingencies except contract ratification and appraisals are removed from the letter.


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A. Daniel Bouchard
A. Daniel Bouchard
202-309-2339
703-751-3486

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Sellers should never fear building inspections. They provide the seller with a degree of liability mitigation regarding possible future lawsuits.



 

Find information on how to get a VA Loan or about VA Refinancing.

 

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Equal Housing Opportunity   National Association of Realtors ®

Dan helped me buy my first home 4 years ago. Since I was at the time undecided about where I wanted to buy in the DC Metropolitan area, Dan was very patient, knowledgeable, resourceful in showing me homes through out the area with in my price range.

Dan is also well connected to highly skilled and reputable lenders, inspectors, other Real Estate professionals that helped make my first home purchase an easy, stress free experience. I finally settled in a spacious condo in Pentagon City!

Thanks Dan!!!

Byron Burt
Pentagon City, VA
May 2005
A. Daniel Bouchard, Dan Bouchard, BouchardGroup, Bouchard Inc. and variations of such names, are common identities of the Washington DC, Virginia, and Maryland Real Estates Licensee, Andre Daniel Bouchard.