Pre-Qualification or Pre-Approval? What's the Difference?

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Mortgage and Lending with Supreme Lending NMLS#: 1054841

So, you went online and started browsing around at all the homes for sale in your area and you were told you need to speak with a good lender to get Pre-Qualified or Pre-Approved right? What’s the difference you wonder? The starting point in any real estate search is always going to be speaking with a trusted lender and receiving a pre-qualification to gauge your financing options and comfort level with the expected payment.  When you are more serious about moving forward, you will want to take the next step towards receiving a Pre-Approval.

The differences between Pre-Qualification and Pre-Approval are explained here.  Go ahead and click the link to read.

 

You can also take a quick look here to learn more about getting a Pre-Approval.

 

Thanks,

 

Mike Marroquin | Loan Officer, NMLS #1054841

SUPREME LENDING
Phone: 725-222-6598
Mike@Mike-Marroquin.com   |  www.Mike-Marroquin.com  
www.NevadaLender.net    |    www.Listings.Vegas

Apply Online
2200 Paseo Verde Parkway, Suite 150

Henderson, NV 89052

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Topic:
Home Buying
Location:
Nevada Clark County
Tags:
mortgage loan
preapproval
prequalification
loan financing

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Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Mike, these are terms that confuse the public, but they definitely need to be pre-approved in strong Seller markets.   Great explanation!

Apr 30, 2018 03:11 PM #1
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Rainmaker
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Mike Marroquin

Supreme Lending Team
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