WHAT IS A "CLEAR TO CLOSE" LETTER?
Any number of issues can kill a deal between buyer and seller. Besides the property condition and failed negotiations between the agents, financing plays a big role. Until the borrower gets the “Clear to Close” letter from underwriting you really don’t know if they have the financing.
Most buyers get Pre-Approval or Pre-Qualification letters for their journey of buying a house with their Realtors.
We at Avalon Financial only provide Pre-Approval letters to our borrowers.
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