This one is nothing but an evaluation by a lender in order to examine for the qualification process. On the other side of the flip, it also shows how much a lender will be ready to lend an initial amount. Pre-approval is the first foremost step towards getting the mortgage, but it does not guarantee for any type of the loan. Typically the letter should be submitted along with the offer in order to prove the sellers that the person is a qualified buyer. Then the best thing is to view a mortgage lender to work with. One can also use the concerned site in order to find the licensed lender in a short period of time. Then the lender will ask for the basic data and about all the financial history and also to run the credit report at the same time. The pre-approval letter provides each and everything about the home loan amount which we are going to borrow. The real fact is that most of the folks find the lender based on a few recommendations from the concerned friend or the agent who do not guarantee any kind of the bet rate or the best service. The folks can go on a research for the mortgage professionals for the largest online network of the lenders with a list of the customer reviews.