preapproval: Pre-Approval VS Pre-Qualification: How "Approved" are You?
- 08/30/18 07:46 AM
Having a strong pre-approval letter from a reputable lender is key, as is working with a reputable mortgage professional who knows how to properly educate, and pre-approve the buyer. Gene's post is terrific education for consumers, and agents, on the differences between a pre-qualification letter and a pre-approval letter, the do's and don'ts of getting pre-approved, among other related matters.
Pre-Approval VS Pre-Qualification: How "Approved" are You?
If you take a look online, you can easily find multiple definitions and opinions on just what constitutes a Mortgage "Pre-Qualification", "Pre-Approval", and "Pre-Approval Letter" ... and the differences that exist … (14 comments)
preapproval: Prove to Sellers You're Serious: Be Pre-Qualified!
- 06/22/17 07:29 AM
We all know how important it is to get pre-qualified as a buyer, especially in our competitive market, yet so many buyers don't seem to understand the importance and value of doing so. This will help them get it!
Prove to Sellers You're Serious: Be Pre-Qualified!
Be Pre-Qualified for your Mortgage before you go and view homes! There, I've said it. First thing. Right out of the box. So it can't be missed. I place that advice right at the top of this post in bright colors so it's not overlooked. And because it's such a very important message, especially for buyers … (14 comments)
preapproval: Buyers - You Have Hoops to Jump Through - Be Prepared
- 01/15/07 11:58 AM
As a Carlsbad home buyer, getting from "home search" to the closing table means you have a number of hoops to jump through. And, as a result, there is always the possibility of a glitch somewhere along the way. Ask any agent, or any buyer or seller - no matter how smoothly a transaction may be going, before you know it something pops up to burst the bubble. Be prepared for this. While it might not happen, chances are it will, so being prepared mentally will help keep you sane when things don't go as planned. Here are some hoops … (5 comments)
preapproval: Tips on Becoming a Good Buyer
- 12/02/06 12:49 PM
This is the first in a series of 3 posts on becoming a good buyer. Becoming a good buyer is probably the most important thing you can do as part of the home buying process, especially if you are buying for the first time. So, what is a good buyer and how do you become one? Being a good buyer means becoming as educated as possible about the home buying process, understanding the local market conditions, and having realistic expectations of what your needs are relative to the amount you can afford to spend. Regardless of the amount you are planning to … (4 comments)
preapproval: Are You Really Ready to Buy?
- 10/10/06 01:33 PM
Are you REALLY ready to buy your Carlsbad home or are you just looking right now? Whether you are a first time buyer or experienced, answer these questions to see if you are prepared to buy…emotionally, psychologically and financially. Will you be paying cash or have you arranged for financing? If you are using financing and have made the appropriate arrangements with a mortgage officer, great, you’ve made the first important financial step and commitment to the buying process. If you haven’t, think about why not – are you procrastinating? Are you unsure of what to do? Or is this … (0 comments)
preapproval: Relocation - House Hunting from a Distance
- 10/03/06 09:23 AM
Looking for a home in your new location will be exciting, but challenging, especially if you are not nearby and need to focus only online. It can be even more stressful when you don't know the area and need to learn as much as possible quickly. The Internet is a great tool for doing this, given the amount of information that is there. And with your Realtor's help you should be able to target your search fairly quickly, once you narrow down the price range (by getting pre-approved) and the communities you are interested in. And if you know the other … (1 comments)
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None of the information in this blog is intended to be, or should be construed as, legal, financial, or tax advice. Please consult the appropriate qualified professionals if such advice is needed.
Having a strong pre-approval letter from a reputable lender is key, as is working with a reputable mortgage professional who knows how to properly educate, and pre-approve the buyer. Gene's post is terrific education for consumers, and agents, on the differences between a pre-qualification letter and a pre-approval letter, the do's and don'ts of getting pre-approved, among other related matters.
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