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When submitting offer to a seller, pof letter may say that you have the funds available, but you still have to come up with $1,000 for earnest money.
REI Club posted a video on how to get a Proof of Funds letter. Here is the link: http://www.youtube.com/watch?v=Ljc5X0_zADs&noredirect=1.
Once you submit your POF, you will want to get a Pre-Approval letter from your lender. This is not the same as being pre-qualified. Pre-approval will (1) tell you how much you can buy and (2) it will make it more likely a seller will accept your offer and (3) the closing is much quicker.
Many people investors have to hit the brakes when it comes down to placing down EM can a hard monet lender provide EM