Pre-Approval Letters are a quick and easy way to tell sellers and your realtor that you are a serious buyer. It is a quick 10-15 minute conversation with a lender (by phone or in person) that gets your basic information.
Yes, they may run a credit check, but that helps them to determine what kind of interest rate they can give you and consequently how much house you can afford.
Check out this flyer from Tom Tholl at Leader One Financial for more information:
As always. Feel free to give myself or Tom a call with any questions!