lender prequalification: Differences Between Pre-Qualification and Pre-Approval - 11/29/19 07:13 AM
     There is a big difference between pre-qualification and pre-approval.  Pre-approval takes more work and time, but it is the way to go.  Michael Mannino  explains the difference well.  I actually have seen a buyer with a pre-qualification letter lose their deposit because the lender did not even check his job employment.  It turned out the buyer did have the job, did make plenty of money, but had a job title that was generally for part time employment.  It was a sad situation and my clients selling their home even felt bad.  Make sure your lender does the work up … (16 comments)

 
Raymond Henson, Realtor (eXp Realty of California, Inc. (lic. #01878277)) Rainmaker large

Raymond Henson

Realtor

Elk Grove, CA

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eXp Realty of California, Inc. (lic. #01878277)

Address: 3412 Babson Drive, Elk Grove, California, 95758

Mobile: (916) 698-8414

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