Ubaldo Leon | RPM Mortgage | firstname.lastname@example.org | Cell: (310) 927-5369 | License: #01470996
Jennifer Gershman | Bank of Hawaii | Jennifer.Gershman@boh.com | Phone: (808) 694-4888 or (808) 291-7270 | NMLS ID: # 725064
Tina Kang | Island Pacific Home Loans | email@example.com | Phone: (808) 561-5656 | NMLS ID: # 382117
Based on the information you provide during your initial conversation with a mortgage broker, you are potentially qualified for a stated loan amount, assuming full and accurate disclosure.
You will next provide your mortgage broker with information for a detailed background and financial check (including tax returns, credit check & income history). You'll then get a letter from the lender stating the amount the lending institution would loan you. This commitment is valid for about 60 days. As a note, most sellers require buyers to provide a pre-approval letter with an offer letter.