Pre-Approval Letter

During: Buying Process Overview: Pre-Showings: Pre-Approval Letter

Pre-Approval Letter is all about getting a pre-approval letter from your lender before we start looking at homes. You can skip this step if you're paying cash for your property, but you'll want to be prepared with proof of funds instead. It is the second step in the Pre-Showings process.

pre-showings-pre-approval-letter

The Pre-Approval Letter process is shown below.

Get max "Lender Letter"

Get Pre-Approval letter from Lender for the max you can afford. We will only use this if you're unable to reach your Lender and you want to submit an offer right away. Otherwise, we will ask your Lender for an updated "Lender Letter" for the exact Purchase Price.

Having a "Lender Letter" helps you get your offer accepted.

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Save max "Lender Letter" to your Dropbox

Save a copy of your max "Lender Letter" to your Dropbox using the file format:

"YYYY-MM-DD - FULL NAME - Max Lender Pre-Approval Letter.pdf"

ASAPFinancingPre-Showings: Pre-approval LetterUltimate Nomad ChecklistWeek 2Week 54

Send max "Lender Letter" to Real Estate Broker

Send a copy of your max "Lender Letter" to your Real Estate Broker.

ASAPFinancingPre-Showings: Pre-approval LetterUltimate Nomad ChecklistWeek 2Week 54

Once you've gotten your Pre-Approval Letter, you can move on to making sure you have your Earnest Money.

Improvements

The following are improvements I plan to make to this page based on some of my Standard Process Improvement Questions.

  • Consider making dynamic process charts.

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  2. Sponsor Read "100 Ways to Get a Nomad Client in the Next 12 Months"
  3. Sponsor Read "Prepare for Investor Meeting Checklist"
  4. Sponsor Read "At Investor Meeting Checklist"
  5. Sponsor Read "Before for Real Estate Agents"
  6. Sponsor Read "During for Real Estate Agents"
  7. Sponsor Read "After for Real Estate Agents"
  8. Sponsor Read "Lease Option Ad for Property Listed in MLS for Clients"
  9. Sponsor Read "Standard Process Improvement Questions"

IMPORTANT NOTE: This checklist is based on what I personally use with clients in Northern Colorado. Please rely on your local real estate agent for how it works in your local real estate market. This process will definitely vary in different States.

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