Pre-Qualified or Pre Approved?
If you are thinking of asking us to help you find an REO home to buy ( A home already foreclosed on by the bank.) Please let us help you get pre approved for the money you need to borrow.
The difference between a pre-qualification letter and a pre-approval is almost a great as the difference between cash and a loan.
A pre-qualification letter can be obtained very easily and normally only requires a phone interview. Because of this, sellers have begun to ignore pre-qualification letters and insist on pre-approval letters.
A pre-approval letter is only obtained after at thorough examination of your finances - just as would happen if you were actually applying for a loan, which in this case, indeed you are. You will need all your financial records, tax returns, bank statements, social security cards, and financial history and credit scores. - Probably in duplicate!
If you are thinking of asking us to help you find an REO home to buy ( A home already foreclosed on by the bank.) Please let us help you get pre approved for the money you need to borrow.
The difference between a pre-qualification letter and a pre-approval is almost a great as the difference between cash and a loan.
A pre-qualification letter can be obtained very easily and normally only requires a phone interview. Because of this, sellers have begun to ignore pre-qualification letters and insist on pre-approval letters.
A pre-approval letter is only obtained after at thorough examination of your finances - just as would happen if you were actually applying for a loan, which in this case, indeed you are. You will need all your financial records, tax returns, bank statements, social security cards, and financial history and credit scores. - Probably in duplicate!
We can help you get pre approval - talk to us.
We have a list of lenders that DO have money available for home loans, and will do a FULL Pre Approval for serious Buyers looking for a great deal on a Florida Property.
Most sellers on the Multiple Listing Service require a copy of the Pre Approval Letter from the Buyers lender to be attached to the real estate offer or contract to purchase.
Most will not even allow the agent to accept verbal, or written offer with out proof that the buyer can afford the home and has been to a lender.
SAVE your self the time and aggravation of being turned down when attempting to submit offers on homes- get Pre Approved today. If you are serious about buying a home in today's
market you will SAVE thousands of dollars on the sales price, and SAVE thousands over the life of the loan due to some of the lowest interest rates in 30 years!
We offer our clients a list of Foreclosure Properties for Collier & Lee counties that include Marco Island, Naples, Isles of Capri, Bonita Springs, Estero, Fort Myers Beach to name a few.
Glen Bigness, Realtor
239-272-4663
866-848-2194
