QUESTION OF THE DAY:
(buyer question)
What’s the difference between being pre-qualified and pre-approved
TAWANA'S ANSWER:
The difference between being pre-qualified and pre-approved is simple:
If you're pre-qualified it means that you POTENTIALLY could get a loan for the amount stated to you, assuming that all of the information given was accurate and true. If you are pre-approved, it means that you have undergone the extensive financial background check - which includes looking at your credit history, previous tax returns, and verifying your employment - and the lender is willing to give you a loan. You're APPROVED! So, they give you a letter that states such and it is valid for approximately 60 days thereafter. Most sellers prefer buyers that have been pre-approved because they know that there will not be any problems with the purchase of their home.
Submit questions here: http://bit.ly/2KIQjm5
Call, text or email me, ANYTIME!
Tawana Bourne, SRS, SFR, RESE
Your Enthusiastic! REALTOR®
Berkshire Hathaway HomeServices NEP
RealtorTawanaBourne@gmail.com 860-834-1220
What's Your Home Worth? Get three automated Estimates - Instantly by going here (no cost, and no obligation): https://bhhsne.findbuyers.com/tawanabourne
Stay Connected With Me on Social Media:
www.facebook.com/realtortawana
www.twitter.com/realtortawana
www.linkedin.com/in/realtortawanabourne
www.instagram.com/1realtor_tawana.bourne
www.realtortawanabourneblog.wordpress.com
#RealEstateAgent #BuyersAgent #SellersAgent #RealtorTawana#LetMeHelpYou #ILoveWhatIDo #TawanaBourne #RealtorTawanaBourne#ConnecticutRealEstate #ConnecticutRealtor
(buyer question)
What’s the difference between being pre-qualified and pre-approved
TAWANA'S ANSWER:
The difference between being pre-qualified and pre-approved is simple:
If you're pre-qualified it means that you POTENTIALLY could get a loan for the amount stated to you, assuming that all of the information given was accurate and true. If you are pre-approved, it means that you have undergone the extensive financial background check - which includes looking at your credit history, previous tax returns, and verifying your employment - and the lender is willing to give you a loan. You're APPROVED! So, they give you a letter that states such and it is valid for approximately 60 days thereafter. Most sellers prefer buyers that have been pre-approved because they know that there will not be any problems with the purchase of their home.
Submit questions here: http://bit.ly/2KIQjm5
Call, text or email me, ANYTIME!
Tawana Bourne, SRS, SFR, RESE
Your Enthusiastic! REALTOR®
Berkshire Hathaway HomeServices NEP
RealtorTawanaBourne@gmail.com 860-834-1220
What's Your Home Worth? Get three automated Estimates - Instantly by going here (no cost, and no obligation): https://bhhsne.findbuyers.com/tawanabourne
Stay Connected With Me on Social Media:
www.facebook.com/realtortawana
www.twitter.com/realtortawana
www.linkedin.com/in/realtortawanabourne
www.instagram.com/1realtor_tawana.bourne
www.realtortawanabourneblog.wordpress.com
#RealEstateAgent #BuyersAgent #SellersAgent #RealtorTawana#LetMeHelpYou #ILoveWhatIDo #TawanaBourne #RealtorTawanaBourne#ConnecticutRealEstate #ConnecticutRealtor
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