requalification: Is It Better To Be Pre-Approved or Pre-Qualified? - 11/30/22 07:52 AM
A new survey of home sellers found 86 percent of them preferred a buyer who's been pre-approved for a mortgage over one who's pre-qualified. That's the overwhelming majority and a clear indication that home shoppers should first get pre-approved for a loan before proceeding on their house hunt. But what's the difference anyway?
 Well, pre-approval requires a more thorough check of your finances than pre-qualification does. That means, you'll be asked to provide some documentation confirming your income, assets, debts, etc. It also includes a credit check. In other words, it's a more detailed look at your financial situation and gives home … (3 comments)

 
Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations (Re/Max Classic)

Tom Gilliam- RE/MAX Classic

Exceeding Your Expectations

Farmington Hills, MI

More about me…

Re/Max Classic

Address: 29630 Orchard Lake, Farmington Hills, Michigan, 48334

Office: (248) 737-6800

Mobile: (248) 790-5594

My blogs are about helping home buyers ,home sellers and even home owners with new and old ideas to prepare them for either scenario. Being a Realtor in Oakland county Michigan is a fulfilling job and I'm very proud to share my knowledge and to learn from other as well.


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