Pre-Approval & Proof of Funds

It's time to purchase which means it's time to have the funds ready no matter if that's lending or if you have a bucket of cash.  Sellers in our area want proof of that up-front.  Now, you may know that you've got the money lined up, but sellers usually don't know their buyers, so they require third-party proof.  For mortgages, that's a pre-approval letter (not pre-qualified) from the lender.  If you've got your bucket of cash stuffed in an account, the seller wants to see a proof of funds letter from that bank or institution.  Let's take a look at the video and I'll explain it all.