Pre-Qualification vs. Pre-Approval. Strengthen your mortgage bargaining power in CT by knowing the difference between these two homebuyer tools.
By Rick Cignoli, Sr. Mortgage Loan Officer
(Norcom Mortgage NMLS# 71655 Equal Housing Lender)
Pre-Qualification vs. Pre-Approval. Strengthen your mortgage bargaining power in CT by knowing the difference between these two homebuyer tools. "What size house can I buy;" How big of a mortgage can we afford; and "How do I make sure my offer is accepted?" These are three of the most common questions asked by First-Time Home Buyers, Move-Up Buyers and Downsizers. Getting Pre-Qualified for a mortgage is a good start. This will give you a general idea on how your financial situation affects your buying power It can also help you determine which Loan Officer going to select to assist you with financing the largest investment you may ever make. Usually, there are no commitments attached to getting pre-qualified by a loan officer... you are investing a little of your time and the risk of ...
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