A pre-approval letter is fool's gold‪.‬ Making Agents Better

Let me explain myself.

A pre-approval letter has various elements on the letter.

1. the type of financing the borrower is using

2. estimated interest rate.

3. dollar amount that the buyer is pre-approved for.

4. The loan amount that the buyer will be utilizing.

You're going to discover after watching this video that the pre-approval letter is not the only thing you should be asking from your lender.


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