Released on = January 12, 2007, 5:42 am

Press Release Author = Camelot Marketing

Industry = Real Estate

Press Release Summary = Looking for Rancho Cucamonga Real Estate? Make the search
easier with a free mortgage loan pre-approval letter.

Press Release Body = Finding Rancho Cucamonga California Real Estate is much easier
with a free mortgage loan pre-approval. A pre-approval lets you know the maximum
mortgage amount obtainable.

With a home loan pre-approval letter, real estate agents in Rancho Cucamonga
California are more inclined to work with you, and only show properties in the
specific price range of the maximum mortgage. Sellers and listing agents for Rancho
Cucamonga real estate also take an offer more seriously if the home mortgage loan is
already pre-approved.

Many first time home buyers confuse being \"pre-qualified\" with \"pre-approved.\"
Pre-qualification is a casual process, where the potential buyer how much may be
borrowed based on income, existing debt, and cash down payment.

A pre-qualification may be a form letter or personalized, but will contain
disclaimers to protect the lender in case the borrower fails to qualify. Some real
estate agents feel that pre-qualification letters say little more than you have
contacted a mortgage company. Before a lender will make the loan on Rancho
Cucamonga California real estate, a formal loan application will be required.

In contrast, pre-approval letters have far more validity and indicate to the seller
that the borrower has passed the credit check and have preliminary loan approval. To
obtain pre-approval letter a formal loan application is submitted with all the
relevant documentation. Everything is verified and credit is checked, then the
lender agrees in writing to make the loan. The loan will be subject to a
satisfactory property appraisal and title search.

A formal loan application process is an eventuality, so we recommend obtaining a
loan pre-approval in advance of searching for Rancho Cucamonga California real
estate. By doing so, you avoid any disappointment of making offers outside of your
price range, and get far more cooperation from agents and sellers because they will
feel that their time is not being wasted.

For more information on obtaining a pre-approval for Rancho Cucamonga California
real estate please call 866 398 4664 or go to:





Web Site = http://www.goldmedalmortgage.com/Mortgage_Pre_Approval

Contact Details = Keith Hunt
8190 Orchard Street
Alta Loma , 91701
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9099871233
camelot21@mindspring.com
http://www.goldmedalmortgage.com/Mortgage_Pre_Approval