Tag: Prequalification

Posted on 11/10/2019
Mortgage Terminology: Prequalified vs Preapproved
If you’re a first-time homebuyer, odds are you’ve thrown the words “prequalified” and “preapproved” interchangeably. However, when it comes to home loans, there are some very important differences between the two. For buyers hoping to purchase a home with a few missteps and misunderstandings as possible, it’s vital to understand the procedures involved in acquiring financing for a home....
Mortgage
Mortgage
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Posted on 09/01/2019
Pre-Qualification: The First Step in Your Mortgage Qualification Process
Potential home buyers should obtain a pre-qualification letter from their lenders to access a home loan. This letter communicates what the lender thinks about you being qualified for a mortgage up to a certain amount and is dependent on the data you gave about your assets, income, and expenses. Pre-qualification is just the primary step, and it provides...
Prequalification
Real Estate
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