Lender/Banks Pre-Approval Processes

[Marquis Williams]

Hello everyone!

I'm looking to finally start taking action towards my real estate investing career, while I save enough capital. I see a lot of different topics in regards to pre-approval, but I'm still not sure if I should give any lender my SSN # even though they say they will not run the credit. The lender did not ask, but it is on the application. Should I still give them all my personal information or what main information does a lender need in order to determine pre-approval or not? 

Thank you

[Catherine Emert]

@Marquis Williams a true pre-approval includes the running of credit. You could consider getting pre-qualified which lenders can do based on information you provide to them. Unfortunately you will want to check with the contracts in Texas as to what is required when you submit an offer. In Oregon, for example, our sales agreements say "pre-approval" most sellers and brokers don't catch this detail but we watch for it and call the lender when we represent the seller to check where they are at in the application process.