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

Okay, I know we all try to avoid giving to much information today, but there comes a time when giving information can be to your advantage. It's simple all we're doing is determining how much you can afford. Why?, it puts you in a better position as a buyer plus your home price decision becomes easy.

To get pre-qualified for a loan, I will collect information about your debt, income, and assets. We’ll look at your credit profile and assess goals for a down payment and get an idea of a loan program that will work for you. It is important to understand that a pre-qualification letter is just an estimate of what 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. We will show you how Just...

To get pre-approved, you will complete a mortgage application and provide me with various information verifying your employment, assets and financial status such as W-2 forms, bank records and credit card statements. We’ll review your mortgage options and submit your application to the lender that best meets your needs. Once the application process is complete you will receive a pre-approval letter indicating the amount your lender is willing to lend you for your home.