Any bank should give you a pre approval letter which is better than a pre qualification at no charge. It means you actually gave them information and the mortgage professional ran you credit. We don't accept pre qualifications in New York.

All banks should provide you with a free pre-approval letter, especially if they think you will use them as a lender when you purchase. Try it1!!!

I provide FREE prequalifications, and the very best rates and fees around!!!

Sergio, I have no idea why your credit union wants to charge you $250 for a pre-approval. You can go anywhere for that. Now I do recommend that you work with an agent first because on many of these properties you are going to have to be pre-approved through the banks' lender before you can submit an offer. An agent might be able to ballpark a purchase amount, but an exact purchase amount would have to be done by the lender. Any lender, Chase, Bank of America, Prospect Mortgage any one will qualify you for free. If you need any help here is Los Angeles County, please feel free to call me.

Good Luck,
Dyanna

Sergio we will be happy to pre-approve you and offer a written "DU" (desktop underwriting decision) prior to your searching for a home. There are zero up front costs for the service, including our running a credit report for you. We are mortgage bankers/direct lenders which is an important consideration.

In addition we work closely with Amerimac Real Estate Services, a broker like Re/Max but a "limited bricks and mortar" operation more like E-Trade, who will provide full service in the process of purchasing your home, AND give you back 50% of the commission they earn on the sale. For example: $500,000 purchase price X 3% commission to Amerimac = $15,000 = $7,500 to you at close of escrow. For details click on the link below.

Hi Sergio,

There is a big difference between a Pre-Qualification and Pre-Approval. If you are looking for accuracy void of surprises you want to be Pre-Approved, not Pre-Qualified. For the differences see: http://www.Steven-Anthony.com/default.aspx?pp=39377

Best, Steve

I suggest going ANYWHERE else. First time I have heard of a lender charging to pre-qualify. If you're working with a realtor ask them for 2 or 3 people that they can recommend so you can shop a bit for a good rate.