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The Benefits of Pre-Approval

By Manny Alfelor / Loan Officer

Mortgage and Lending with PrimeLending NMLS 545192

May 14, 2013 02:03 AM

Pre-approval, as opposed to
pre-qualification, signifies that the
loan application has been taken
through a rigorous procedure.

Here's why pre-approved buyers are ahead in the home buying game:

	If you make an offer on a home and then apply for a loan, you are at the lender's mercy, who is aware that you do not have time to shop around.
	Pre-approval saves time spent looking at houses you cannot afford.
	A pre-approval letter from a lender gives you an edge when multiple offers have been made on a house.
	Pre-approved buyers can generally close escrow more quickly, since most of the work has already been done.

Information Provided by:

LOPhoto

Manny Alfelor

Mortgage Banker

NMLS #545192

Mobile	619-972-3209
Direct	619-610-9873
Fax	760-692-3998

Manny.Alfelor@BluFi.net

BluFi.com/MannyAlfelor

BluFi Lending

1450 Frazee Road Suite 301

San Diego CA 92108

Equal Housing Lender Loans will be arranged or made pursuant to Department of Corporations California Finance Lenders Law. License #603H302. CORP NMLS #279622. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.

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Team Honeycutt

Allen Tate - Concord, NC

Good information on pre-approval loans. Your explanations of the benefits of pre-approval are useful.

Betty

May 14, 2013 02:08 AM

Manny Alfelor / Loan Officer

PrimeLending - San Diego, CA

Thank you Betty. It makes everything else easy and have a smooth closing.

May 15, 2013 12:47 AM

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Manny Alfelor / Loan Officer

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