Generally pre qualification letters are good for 3 months. Some pre-qualification letters are stronger than others. It is best to have the letter state that credit has been pulled to present a stronger letter to the seller of your choice. Some pre-qualification letters are weak and not very impressionable when making an offer. You want the seller to know that you are prepared and ready to buy.
Most buyers do not want to take the time to gather a few simple items or complete the application as it should be done. They simply do not think it is important, how odd donâ€™t you agree? Single largest financial obligation in their life up to that point and they wonâ€™t send over a pay stub let alone the other documents or take the time to sit down with their lender to go over everything. Protect yourself, do it right from the very beginning. Mistakes are costly when buying a home, appraisals, inspections, etc. are not cheap. Good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
All the Best!
Hillary Nash McAuley
Nash Holdings Co.
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