Tag Archive for: pre-approval letters

How Long Is a “Pre-Approval Letter” Valid? Does It Expire?

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We are often asked how long our pre-approval letters remain valid, or if they expire. Our pre-approval letters do not expire as long as all major qualifying factors remain the same. These factors include credit scores, total debt payments, income and cash available for a down payment and closing costs. This is why we send […]Read More

3 of 20 Offers in Oakland were JVM Financed; Why It Matters?

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Last week, there were twenty offers on a high-end Oakland listing, and three of the twenty offers were accompanied by JVM pre-approval letters. No other lender was represented twice, let alone three times. This matters for a variety of reasons: (1) listing agents know our name, know that we can perform, and are more likely […]Read More