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.

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The Pre-Approval Letter process is shown below.

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Complete the "Pre-Showings: Pre-approval Letter" checklist:

https://learntoberich.com/pre-approval-letter/

Mark this task as complete when done.

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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.

Mark this task complete when done.

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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"

Mark this task complete when done.

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

Mark this task complete when done.

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.

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There is additional content on this page that is shown to Sponsors only.

Sponsors are usually Real Estate Agents and Lenders who'd like to work with Nomads in their local market.

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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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