Once upon a time, in a land far, far away, Jack and Jill decided they finally wanted to purchase a home, so they called Mr. Realtor.
When Mr. Realtor met with Jack and Jill, he asked them if they have been pre-approved by a mortgage professional. They said they have not - but "knew" they would qualify. Since Jack and Jill seemed like a really nice, smart couple, Mr. Realtor went against his better judgement and chose to show them houses without a pre-approval.
The three of them looked for weeks to find the perfect home. Finally, they went to a home up on the hill, and decided it was perfect. With excitement, they put an offer in!
However, without a pre-approval letter, the seller could not accept their offer. They finally decide...