When you are buying your first home you are bound to hear the two mortgage terms known as mortgage pre-qualification and pre-approval.
There are distinct differences between the two and as a home buyer you want to know what they are! Essentially getting a mortgage pre-qualification is a piece of paper that says you make enough money to buy in a certain price range. Beyond that it really means nothing.
A pre-approval is much more in-depth as the lender will be running your credit, checking your financials and verifying your employment. Essentially a pre-approval is going to determine whether or not you are going to get the loan.
So why should you care? A seller is going to want to know that whoever is going to purchase their home is financially qualified and will more than likely get a loan. While a pre-approval is not a guarantee it is pretty close!
The difference between a pre-qualification and pre-approval in the mind of a seller will be huge!
Take a look at the article where I outline all the differences between the two.
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- First Weber GroupRealtor, present
- Ready? Set,...Sell! Home Staging & ReDesignStager, ReDesign Specialist, Organizer & Rehabber, present
- http://activerain.com (current)
Laura S. Baker
First Weber Group
Laura Baker is a Wisconsin Residential Real Estate Specialist that can assist you with the purchase and/or sale of real estate in the South Central Wisconsin area; or any place else in the country by connecting you with a relocation professional in your destination of choice.
To find all available homes for sale in the South Central Wisconsin, please visit http://www.LauraBaker.FirstWeber.com
Call me TODAY at 920-728-4118
Ready? Set,...Sell! Home Staging & ReDesign is a Home Staging, Decorating and Organizing Company here to help you through all the stages of your life!
Located in; Jefferson County WI,
Serving; Dane, Jefferson, Dodge, Walworth & Waukesha Counties of Wisconsin
Paint color Selection; can't seem to figure out what color to put into your rooms? Having difficulty finding accessories to go with the colors in your home? We can take the fear away and help you select just the right color to freshen up your space.
Organizational Services; Form your home office to the garage and everything in between, we can help you create a space the works for you and your family!
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Move in/Set up Services; Moving into a new home, apartment or condo? Don't know what to do with the space and what you are bringing into it? We can set it up for you to make the best out of your new space right from the get go!
Ready? Set,...Sell! Home Staging & ReDesignhas the education and experience to get your home showing at it's best! We will work with what you already have or help you find a whole new look, keeping your budget and time in mind. We know where to put your hard earned dollars to work to get the most bang for the buck. Call us immediately to help meet your needs.
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- UW Whitewater, WI
- Volunteer State Community College, TN
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