Are you looking to buy or sell a home or other real estate property? In all likelihood, this means you’ll come across the need for a real estate Proof of Funds letter. Proof of Funds (POF) is an official document that demonstrates a buyer’s ability to pay for one’s purchase with an existing pool of assets. While many buyers may have a pre-approval letter for financing, purchases made in all cash are made solid with a POF letter.
Swift Capital Resources is pleased to be a leading bank guarantee provider in the Los Angeles area. With fast, reliable and secure service, we get you approved quickly, and set you on the path to new financial endeavors. In the case of a real estate purchase, we want to help you get into that dream home or start that hobby farm you’ve always wanted, and provide the real estate proof of funds letter that makes it possible. Our friendly and knowledgeable staff will be glad to discuss your options at length.
Even when a home or property buyer has no trouble with financing documents, sellers still may want to see proof that the down payment and/or closing costs will be taken care of. In many cases, that pre-approval letter just won’t cut it. Other times, a buyer claims to be purchasing the house in cash, yet is actually working within complicated financial systems, such as stocks, borrowing money from a relative, borrowing against securities, waiting for a probate court to distribute assets, refinancing another property and so many other possibilities. Unless a seller has seen the cash themselves, it’s a good idea to get that real estate POF letter.
Let us stress that a commercial real estate proof of funds letter is not the same as pre-approval documentation. While the first proves that you have the needed, liquid funds at your disposal, the latter simply shows that you can borrow the funds from someone else. In the case of a cash purchase, a pre-approval letter is not ideal. As a third party, your POF letter provider is a trustworthy source of legitimacy, but not a traditional lender.
When you need to obtain a real estate proof of funds letter, trust someone who specializes in the service. Swift Capital Resources keeps it fast and simple, providing the documentation you need to move forward. Take a few minutes to complete our online quote request form, or give us a call at our Los Angeles office.
