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  • Important: Letter Of Mortgage Pre-approval Must Be Attached

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Homes for Good. Ready to Buy Application. Complete all information and return this application to: MBHP, attn: Jennifer Shaw 125 Lincoln. Street, Boston, MA .

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If you are pre-approved, your lender will provide you with a pre-approval letter on an official letterhead. This official document indicates to sellers that you're a serious buyer and verifies that you have the financial means to make good on an offer to purchase their home.

A preapproval letter just says that a lender is willing to lend to you – pending further confirmation of details. A preapproval helps you shop for a home, because it lets the seller know you are a serious buyer.

“While you do not 'need' a pre-approval letter from your lender in order for your offer to be accepted, I highly recommend all of my buyers present it,” says Denise Shur, a Realtor® with 1:1 Realty in San Jose, CA. In fact, “I do not look for homes with my buyers until they have a pre-approval letter from their lender.

You should let the agent know you have been pre-approved for a loan, although you do not have to show him/her your pre-approval letter. (By the way, being pre-approved is different from being pre-qualified, although many buyers confuse the two.

Think of it this way: Real estate agents prefer to show homes to buyers who have preapproval letters in-hand because it implies that they're a serious buyer who is capable of making a proposed purchase. Sellers also like to see a preapproval for similar reasons.

Submitting a mortgage preapproval letter along with your bid on a home can give you an edge over rival buyers, but you don't have to have a preapproval to make a purchase offer.

If you're preapproved, you'll receive an approval letter offer that lasts for 60 – 90 days depending on the lender. After that, you'll need to apply again with another credit pull and updated paperwork. If there are any major changes to your financial situation, your preapproval limit might also change.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232