Once a Pre-Qualification Letter is issued, this is a written communication for your Realtor and the Seller that you are qualified for a certain purchase price. A new pre-qualification letter is usually tailored for each offer made. Please note that some sellers, particularly banks with bank owned properties, require that you be approved by a major bank prior to making an offer. This is something that I can do! Again, one of the advantages of being a direct lender and a broker is that I can send loans to banks where it makes the most sense for the client. So, I can get a bank issued pre-approval lender, but still have the flexibility of sending the loan elsewhere once the offer is accepted if it makes sense to do so.