Buyers Approval Letters

Realtors Like to Tell Buyers to Get a Pre-Approval Letter

For Some Reason Sellers Think That it is Better for them if a Buyer has a Pre-Approval Letter. Maybe they think this Because the Realtor tells them to think it. Mortgage Broker love to give the letter, though it means nothing, it certainly buys them time to Shop the Best Loan for Them.

The Letter is only based on what the buyers tell the lender or the Mortgage Broker. the Lender and Or Mortgage Broker still has to "look into" the supposed facts, check over the truth of the matter, get income proof and tax records and all the things that need done in order to actually Approve the Loan.

A Pre-Approval Letter is Not Proof of Anything.