Finance Pre-qualification Proof of funds 
Redfin
JULY 9, 2025
Getting pre-approved for a mortgage is one of the first steps in the homebuying journey. But if you’re ready to start shopping for a home, you might be wondering: how long does it take to get pre-approved for a mortgage? What is mortgage pre-approval? How long does it take to get pre-approved for a mortgage?
Redfin
JULY 30, 2025
Should I get pre-qualified or pre-approved for a mortgage? If you’re considering buying a home, you’ve likely heard of getting pre-qualified or pre-approved. Pre-qualification: An informal lender evaluation of your finances, estimating affordability. Schedule a final walkthrough of the property.
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Dwell Real Estate
JANUARY 30, 2020
When an offer is submitted, seller's prefer to see proof of funds and/or a pre-qualification letter to be sure they are dealing with a qualified buyer. Submitting the proof of funds or pre-qualification letter with the offer makes you a stronger buyer in the eyes of the seller.
Redfin
AUGUST 29, 2024
See how much you can afford After you’ve assessed your goals and finances, the next step in the homebuying process is to determine your budget. These loans are typically issued for more expensive homes and come with stricter qualification requirements. You may be requested to provide additional information about your finances.
HomeLight
DECEMBER 6, 2022
Murphy says some New Jersey towns offer full-day pre-K. She explains that people browsing online are prompted to click on links to obtain more information, schedule a showing, or get financing. She cautions that buyers can get a pre-approval letter online that’s not worth the paper it’s written on. List your home online.
HomeLight
APRIL 26, 2023
“The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing. Require everything in writing.
The Close
JULY 25, 2024
Be transparent about the buyer’s financing situation, ensuring the listing agent and seller will understand all the terms of the offer and what makes your buyer stand out from the competition. We are making this purchase [describe the financing situation objectively, e.g., preapproved for a mortgage, able to make a cash offer].
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