This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
A preapproval letter just says that a lender is willing to lend to you – pending further confirmation of details. A preapproval helps you shop for a home, because it lets the seller know you are a serious buyer.
In the US you can certainly make an offer without a preapproval from a mortgage lender, unless the seller stipulates that no offers will be accepted without preapproval.
Minnesota has long required that an employer provide written notice of basic terms of employment to newly hired employees. Most companies will comply with these requirements in the offer letter provided to the employee.
For mortgage preapproval, you'll need to supply more information so the application is likely to take more time. You should receive your preapproval letter within 10 business days after you've provided all requested information.