What precautions you must take while getting a lender letter?
Many a time you may like a property so much so that you want to buy it but the problem is the finance. There are two problems that the buyers face while choosing to buy a property
This problem can be solved by getting a lender letter from the bank or anyone who is ready to lend you the money in future if you close the deal.
What is lender letter?
This is a letter from the party who is ready to lend you the required money if you fulfil the criteria that are required to be fulfilled. This letter is not the approval of loan but a letter that shows that there are higher chances of your loan getting approved depending on the results of further investigations.
One must ensure that your lender letter is issued to you after the required back ground check. This has many advantages
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