Your Company
3210 Your St., Suite#123
San Jose, CA 95131
(800) Your PhoneNumber
April 23, 2004
RE: Prequalification
of Mr. & Mrs. Prospect
Address:
123 Need a Broker Way
Leadsville, CA 95133
Email: ChaChing@test.com
Phone: 408-555-1212
To whom it may concern:
This letter demonstrates what certification that this consumer would
have been provided with showing that he has been prequalified by a mortgage
company for a real estate loan conforming to the herein described loan
terms and real property transaction:
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Purchase Price:
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$362,718
|
|
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Down Payment:
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$117,746
|
|
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Closing Costs:
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$7,254
|
|
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Loan Amount:
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$244,972
|
|
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Loan Term:
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30
years
|
|
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Interest Rate:
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5.5%
|
|
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Monthly Payment:
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Principal
and Interest $1390.92, Tax $377.83, Ins $61.24, PMI $0.00 |
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Based on:
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Monthly
Income 6,000, Monthly Debt 450, Cash Available 125,000 |
Our decision to
provide this prequalification letter was based upon information provided
to us by the borrower. This information has not been verified, therefore,
it is deemed reliable but not guaranteed to be correct. Final loan approval
will be made by the lender after reviewing the complete loan application,
appraisal, credit and any other required information.
While this is not a commitment to lend, in our opinion, the borrower
will be able to obtain the loan described herein.
Sincerely,
Your Name, 800-Your
PhoneNumber
SuperMortgage (a demonstration site)
Demonstration Purposes Only
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