Get Pre-Approved Not Pre-Qualified Before You Shop

Many people are confused about the difference between being pre-approved and being pre-qualified. There are big differences between pre-qualification, pre-approval, and actual mortgage approval.

Being Pre-Qualified for a Mortgage

If you want to just get an idea of how much you can borrow then all you need to do is get pre-qualified. At this point the lender only has your word on your credit, income, assets, and liabilities. An approval cannot be guaranteed strictly on your word. None of your information has been verified. The best the lender can give you is that you are likely to be approved for a mortgage.

The Better Solution

While you may feel confident getting pre-qualified for a loan, it doesn't guarantee that you will be approved for a loan. My pre-approval is based on your actual credit and verified information. When you have a pre-approval from me it can really put your Real Estate Agent and home sellers at ease. Another added benefit to you is the control you will have when putting an offer on a home. When the sellers receive your offer with a pre-approval letter they know they are dealing with a serious buyer and are more likely to give weight to your offer.

Research Center

Browse through topics about buying a home, refinancing, and information you should know about your credit.

First Time Home Buyer

• Get Pre-Approved not Pre-Qualified Before You Shop


• Using a Real Estate Agent to Help Find Your New Home


• What to Look for in Your New Home


• How Much Can You Afford To Spend On Your New Home


• It's Time To Make An Offer On Your First Home


• Financing Your First Home


• Applying For Your First Mortgage Loan


• Closing Costs And Other Fees


• Avoid Fees For Paying Off Your Loan Early


• What Is PMI And Do You Have To Pay For It


• Closing The Loan On Your First Home


• Avoid These First Time Home Buyer Mistakes


• Tax Benefits Of Owning Your Own Home


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Experienced Home Buying & Selling

• Avoid Fees For Paying Off Your Loan Early


• Closing Costs And Other Fees


• Great Tips For Selling Your Home Fast


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Getting Prepared To Refinance

• Home Improvements May Increase The Value Of Your Home


• The Must Have Refinance Checklist


• Re-Establish Your Budget By Consolidating Your Debt


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What You Should Know About Your Credit

• Information You Should Know About Your Credit


• Ways To Improve Your Credit Score


• Don't Make These Common Mistakes


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