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Pre approval letter
Pre approval letter - Trends
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I am working with Bank of America to up my pre-approved amount. They say I qualify for a fixed 30 year loan up to $463K (10% down, no PMI) and asked what amounts I'd like to qualify for. Although I don't intend to purchase a house in that range (I'm looking at more than half of that amount), I'm wondering if it's advantageous to have max amount on my pre-approval letter anyways to show sellers my ability to close? Is there a downside to this approach i.e. sellers may think that you can afford a lot more and so would be less willing to negotiate down the price? Thanks in advance! Last commented on 1 ...
There seems to be a lot of confusion around what an approval letter is, what a pre-approval letter is, and what these documents are worth since some don’t seem to hold up when it comes time for the underwriter to approve the loan and issue a final commitment letter. All these letters are usually issued prior to writing an offer on a home. The buyers use them to show the sellers that they are going to get their loan and should have no problem. Some people think these letters are iron clad, and many people seem to confuse what they really mean. An approval letter means the loan is ... Read More
SURVEY RESULTS FOR
PRE APPROVAL LETTER
- TextandAcademic Sending a journal editor a query letter for pre-approval of article will save you months of waiting time (Mark Schneider, Joan Friedenberg)
- adamgolub Monday: Yoga, coffee, pre-approval letter, fall syllabi.
- The_FHA_Expert Hot Topic - Are Pre-Approval letters worthless? Aren't they just a pre-qual letter with some hype. http://fb.me/CKM0bL2K
Westchester Real Estate in Port Chester, NY - Listing Agent: Jason L. ...
REALTOR - Dwayne Deal - Las Vegas , NV - Realty Times TV