So, you have pre-approved a buyer.
They go out over the weekend and find a home of their dreams.
They decide to shop around for rates, closing costs. If the lender is able to meet the closing date.
They switch to another lender.
Has this happened to you?
Well, one loan officer decided to create an email and a document (that the buyer signs) to counter the problem of the pre-approved buyers switching lenders.
She also uses it as “script” when following up during the home search process.
And, she graciously allowed me to share this with you.
Here’s how it reads:
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