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PreQual vs PreApproval : Let the Experts tell you the difference!

These days, many peopleask about pre-approvals and pre-qualifications u2013 not knowing that there is a difference. Financingu00a0 is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond. We, The Mortgage Lady Team Fairway look forward to putting our mortgage service to work for you! Learn more about us here - https://themortgageladyteamfairway.com/ Address - Company: The Mortgage Lady Team Fairway, Address: 111 Solana Road, Suite B, City: Ponte Vedra Beach, State: FL, Zip code: 32082., Phone number: (904) 383-8374, E-mail: chris.chartier@fairwaymc.com

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PreQual vs PreApproval : Let the Experts tell you the difference!

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  1. These days, many people ask about pre-approvals and pre-qualifications – not knowing that there is a difference.

  2. But it’s importance to know that there’s a big difference! For a pre-qualification – we look at your credit, and take a look at some of the basics. While that’s an important first step, it’s nowhere near as powerful as a pre-approval.

  3. A pre-approval is where we dive in a little bit deeper and check your income, your assets, and ensure that you are ready to purchase a home. When you visit a seller with a pre-approval, you can save thousands of dollars.

  4. This is because that seller will now have more confidence in your offer, over someone else’s. Also, you may even be able to negotiate a better price for yourself! This is important in a tight, competitive market. So next time, take a look at getting that pre-approval!

  5. Contact Us: Fairway Independent Mortgage Corporation NMLS Entity ID# 2289 111 Solana Road, Suite B Ponte Vedra Beach, FL 32082 Phone: (904) 383-8374 chris.chartier@fairwaymc.com www.themortgageladyteamfairway.com

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