preapproval letter: Is that pre-qual worth the paper it is written on?
- 06/20/08 09:49 PM
I was inspired to write this post after reading Jesse Clinton's post "I'm sorry, what did you just say?" The mortgage market is changing daily. It used to be pretty easy to qualify a borrower and even when it took a while for them to find a home, we'd be confident in the letter we wrote. Now, we ask the buyer's agent and the borrower to contact us PRIOR to writing an offer to we can double-check/double confirm the buyer's information, to make sure nothing has changed. It only takes a few minutes, but can mean the difference between closing and not closing. When we work with a buyer, we … (8 comments)
I was inspired to write this post after reading Jesse Clinton's post "I'm sorry, what did you just say?"
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