Prequalification is a lender’s best-guess estimate of what you can afford. But it’s not a guarantee. Pre-approval, on the other hand, is a firm commitment from your lender based on your actual finances. If you know what you want, pre-approval can help ensure you get it.
Your ability to get pre-approved is one of the first steps to becoming a homeowner. If you want to know more and develop your own personalized plan to becoming a homeowner, contact me today or schedule for your no obligation buyer’s consultation.