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Real Estate
Reply to "Gift money from parents won't arrive on time - Any suggestion?"
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[quote=Anonymous]You don't need the proof of funds right now, but if they truly are critical to your ability to purchase the place, then make sure your contract includes a financing contingency (which is wise regardless) if your offer is accepted. But did you get pre-qualified through a lender or pre-approved? Generally pre-approvals, where the lender has already inspected your financials, pulled your credit, etc. put you in a much stronger position than just being pre-qualified when making offers. The pre-approval process may require the gift letter, etc., even if the actual funds aren't available yet.[/quote]
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