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lending: Why Do Agents Ask For a Pre-Qualification Letter or Proof of Funds? - 02/06/12 04:00 PM
 
When you are looking to purchase a home you are working against 3 things: time, other buyers and the seller.
 
 How can the pre-qualification or proof of funds, and pre-approval help with all three?
 
 Let’s start with the pre-qualification, a process that takes maybe 5-10 minutes, can be done over the phone, and requires that you provide truthful information to the lender.   Having the pre-qual letter (or proof of funds) assures both the agent and the seller that you are a buyer with intent.   And, more importantly, that you are a buyer who knows how much house you … (3 comments)

 
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Rhonda Duffy #1 Agent in GA, 8 Years in a Row!

Milton, GA

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