But, gaining an edge over your competition just got easier. Today, Zillow is pleased to announce Mortgage Pre-Approval on Zillow.
The process to get pre-approved for a mortgage used to take days and involved a lot of paperwork. Now, Zillow users who meet a lender’s guidelines can receive a mortgage pre-approval letter online and on mobile Web in just minutes.
How does it work?
Mortgage Pre-Approval on Zillow is simple to use. Just fill out an online questionnaire and, if you meet the lender’s requirements for pre-approval, you will be matched with a reputable lender who can pull your credit score (at your request). Then, if everything checks out, that lender will send you a mortgage pre-approval letter within minutes, which you can easily email or print and share with your agent and with home sellers.
Why do I need a pre-approval letter?
A mortgage pre-approval letter demonstrates to real estate agents and sellers that you are motivated, credit-worthy and able to act fast.
Agents usually prefer to work with buyers who are pre-approved, and sellers are also more inclined to enter into a sales contract with a buyer who has been pre-approved.
Check out Mortgage Pre-Approval on Zillow yourself, get pre-approved, and get a leg up on the competition.
See sample pre-approval letter (right)