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Portland Oregon Buyer's Agent
Mary Anne Lehouiller
Principal Broker
REALTOR®, ABR®
Accredited Buyer Representative
Oregon License 200505214
Mobile/Text:    541-435-0000
MaryAnne@OregonChoiceGroup.com
Oregon Choice Group
Office: 503-449-3661
 
OregonChoiceGroup.com
Facebook.com/OregonChoice
Instagram.com/OregonChoiceGroup
Office Email: oregonchoice@gmail.com


By Appointment Only 
 
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Getting a Legitimate Lender and Getting Pre-Approved

It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today’s market, that has proven to be one of the least effective methods in landing the dream home.

Most lenders can pre-qualify you for a mortgage over the phone. Based on general questions about your income, debt, assets, and credit history, lenders can estimate how much mortgage you qualify for. However, being pre-qualified and pre-approved are different things. Pre-approval means that you have applied for a mortgage; you have filled out the mortgage application, received your credit report, and verified your employment, assets, etc. When you are pre-approved, you know exactly what the maximum loan amount will be.

A pre-qualified letter is not verified and in essence, does not count for much if you are competing with other buyers who are pre-approved. When you are pre-approved, you and the seller know exactly how much house you can afford. It gives you credibility as an interested buyer and lets the seller know immediately that you will qualify for a loan to buy their property.

In addition to being pre-approved, it’s important to be pre-approved with a legitimate lender. Legitimate lenders include: banks, mortgage bankers, credit unions, savings and loan associations, mortgage brokers, and online lenders.

Some lenders to avoid: those who lose a form or misplace a file, those who gather information from you in an unorganized manner, those who are not informed about interest rates, points or costs, and those who cannot provide you with the right information.

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ABR - Accredited Buyer RepresentativeCNHS - Certified New Home Specialiste-PROEqual Housing OpportunityMLS membershipREALTOR® certification


Federal Fair Housing Act

We all lose when potential homebuyers or renters are turned away, not because of their ability to pay, but because of their race, national origin, skin color, sex, religion, familial status or because of a disability. 

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Your information is always safe here and is never shared. No Registration Required to Search for Homes and get free helpful real estate information.  We want your home search, negotiation and purchase to be the best possible experience from the very first click. Please call me directly if you have any concerns. Mary Anne 541-435-0000.

The information included is made available with the understanding that Oregon Choice Group is a Real Estate Agency and is not engaged in rendering legal, accounting, or other professional advice or services. If legal advice or accounting services or other expert assistance is required, the services of a competent professional person should be sought. The material contained herein is not a substitute for the advice of an attorney or other professional person(s). All information deemed reliable but not guaranteed. Listings are subject to errors, omissions, changes in price, prior sale, rental, and withdrawal without notice. All data and information set forth on this website regarding real property, for sale, purchase, rental and/or financing, are from sources regarded as reliable. No warranties are made as to the accuracy of any descriptions and/or other details and such information is subject to errors, omissions, changes of price, tenancies, commissions, prior sales, leases or financing, or withdrawal without notice. Square footages are approximate and may be verified by consulting a professional architect or engineer.

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