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Sander Scott explains why he avoids terms like pre-approval and pre-qualified, instead issuing a mortgage commitment letter that's contingent on appraisal and clear title, with no unpaid tax liens.
Sander Scott explains why he avoids terms like pre-approval and pre-qualified, instead issuing a mortgage commitment letter that's contingent on appraisal and clear title, with no unpaid tax liens.
But if we tell you it's gonna close, it's gonna close. But we've had some discussions. We don't even use the word pre-approval. And I don't use the word pre-qualified and I don't use the word pre-approval. There's some people that want to get into the definition. When you get a letter from me, it's gonna say, this is a commitment. Yeah, okay. Now it still is subject to the appraisal's gotta work. Okay, I don't have any control of that. I gotta have title that doesn't have 13 tax liens that the seller hasn't paid off yet.
