Are you pre-qualified or pre-approved for a loan?

FREE PRE - APPROVALS  $$$$$$$

Before you begin to shop for a new home, you should set up a time to meet with us so we can figure out how much you can afford. This will put you in a better position as a buyer. Thats when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house.

To get pre-qualified for a loan, we will collect information about your debt, income, and assets. Well look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you. I will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow.

It is important to understand that a pre-qualification letter is just an estimate of what

Are You Mortgage Payments This Low?

$100,000 = $368

$150,000 = $552

$200,000 = $736

$300,000 = $1,104

$400,000 = $1,472

$500,000 = $ 1,835

$600,000 = $ 2,202

$1,000,000 = $3,333

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you are eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.