I was prepared, pen in hand, to start filling out lengthy legal papers. Glasses in tow, I was ready to dissect any piece of paper handed to me and pour over the details of how exactly this thing works. How is my credit score affected? What weight does it play in the process? How is my salary taken into effect? Does the rental income count towards salary? These and many more questions filled my mind as we embarked on this pre-approval process.
In the end, Boyfriend just sent an e-mail to a well known guy recommended by brownstoner and he e-mailed us back within a day telling us how much we’ve been pre-approved for. Gosh that was easy!
Indeed, we’re pre approved for way more than the cost of the home we are interested in and were told we have stellar credit scores. I think he said we are “solid”.
Solid is a good word. Another good word is sold.
Next step: we make the offer. Yikes!
M in brooklyn