Mortgage Pre-Qualification vs Mortgage Pre-Approval
What is the big difference between Pre-Qualification and Pre-Approval?
Well first off, getting pre-qualified is a much simpler process than the actual home mortgage pre-approval. You are only required just a few important pieces of financial information for the pre-qualification process as opposed to at least twice as many documents for pre-approval, along with completing a mortgage application.
Read here for more details about the difference between home mortgage pre-qualification and home mortgage pre-approval before getting started with your house hunting journey as I am sure you will find the entire real estate property home search and mortgage processes to run much smoother by utilizing this real estate informational guide.
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When you are ready to purchase a home and/or sell your current home, be sure to connect with Babette at Aiosa Realty Group. With Babette’s real estate expertise and knowledge in and around beautiful Pinellas County, she is someone you can absolutely count on to assist with all your real estate needs!
Call us TODAY at 727-439-9029, so you can get started on finding your own piece of Pinellas County paradise!
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If you are out with your real estate agent looking to purchase a new home, you will soon learn that it is currently a seller’s market. As such, there are more buyers than there is real estate property inventory and, the better prepared you are to make an offer on the home you desire in this seller’s market will increase your chance of winning over other interested buyers of the same dwelling.
When you are ready to purchase a home, you will want to meet with a mortgage broker who will make sure your monthly income and debt meet the requirements for your monthly housing payment. How is this calculated? Click
Were you pre-approved to purchase a home before March 2020?
Before going out in search of your next/new home, it is in your best interest to be sure you are pre-approved for your real estate loan amount. Find out the advantages of taking this very important first step by clicking