Mortgage Center :: Pre-Qualifying and Pre-Approval

  Pre-Qualifying and Pre-Approval:

There is a BIG DIFFERENCE between pre-qualified and pre-approved!

Pre-qualifying yourself is extremely easy and can be misleading. You can get pre-qualified in 30 seconds over the telephone but it doesn't mean that you are approved to buy a home.

Pre-approval is the only way to assure yourself you can purchase a home. By getting pre-approved and receiving a pre-approval letter from your lender, you will have an exact amount that you can afford for a home and will explain to you in detail how much your monthly payment will be.