PreApprovalLetter.com has announced the launch of a one-stop homebuying service that streamlines and automates the pre-approval process. The pre-homebuyer can now instantly have a personalized home loan budget and tailored analysis, knowing exactly how much they qualify for before they begin their home hunting process.
PreApprovalLetter.com (PAL) has developed an algorithm for service to homebuyers, real estate agents and mortgage lenders. Designed by mortgage underwriting experts, the PAL system interviews homebuyers and verifies financial data for a fast, accurate and free assessment of a buyer’s homebuying power.
“We believe that knowledge is power. Giving Americans such a tool will better equip them to steer away from taking on risky debt and towards finding the home of their dreams,” said PreApprovalLetter.com CEO Jorge Touzet.
Homebuyers may view their borrowing limits on their secure dashboard; and are presented with a home search tool, which displays a gallery of properties that fit their home budget and qualifying scenarios. Buyers and real estate agents can cross-reference MLS listed properties vs. a homebuyer’s qualifying data and know whether or not a homebuyer qualifies for a particular property.
PreApprovalLetter.com frees subscribed agents to focus their time on finding listed homes for which a buyer can afford and a mortgage lender would comprehensively give their stamp of approval.
“PAL’s mission is to educate and empower the homebuyer and real estate agent with mortgage knowledge so they can ‘Know Their Buying Power,’” said Touzet.