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The letter will likely include a contingency that says the loan is subject to an acceptable home appraisal. 6. Issue and Expiration Dates. Every pre-qualification letter includes dates. This is because pre-qualification letters typically expire after 60 or 90 days. This gives most homebuyers ample time to find a property.
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A completed loan file with an acceptable appraisal must be provided for underwriting review before a loan decision can be made. If you have any question or need more information, please do not hesitate to call. Sincerely, Your Home Mortgage Consultant Sample Pre-Qualification Letter
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Developed by the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London (QMUL) and the Sorbonne Law School (Sorbonne), this double degree programme leads to two prestigious.
Please note that your loan will need to be officially underwritten and given official approval before funding of the property take place. This is not a commitment to lend and you are not required to obtain a loan simply because you have received this letter. No fees were charged in providing this letter.
On the other hand, a “pre-approval” is based on your actual credit score and. You need to submit tax returns, old W-2 forms, bank statements,. time mortgage broker) and tell him, hey send me a prequal letter for so and so.