PRE-APPROVED OR PRE-QUALIFIED? KNOW THE DIFFERENCE
Pre-approved or pre-qualified Rodney Jaleco 15 days ago Opinion Leave a comment 36 Views Pre-Approved or Pre-Qualified? Know The Difference Do you already have a pre-approval letter from your lender or pre-qualified on the mortgage loan? Huh? This is usually the reaction of my potential buyer clients on my initial phone calls with them. I can’t blame them as same reaction I had when I bought my first home. I had no idea what my realtor was talking about. Due to social media nowadays, a lot of buyers are well informed and sometimes get too much information; the more they get confused. Let’s make it simple by starting with the basic. You have a good stable job and earning well; took care of your credit for years so most likely you know you can be a good candidate to buy a property. Before even looking or surfing on the internet; contact a loan officer or go to your bank for a pre-qualification or pre-approval process. No need to go from pre-qualification if you c