Pre-Qualification vs Pre-Approval


Filed under: Qualifying for a Mortgage Loan


What is “Pre-Approval” for a home mortgage and how is it different from a “Pre-Qualification”?

Why is a “Pre-Approval” important (if not critical) to the home buying process?

Why should Realtors make sure that all of their buyers are “Pre-Approved” as soon as possible?

The video below has all of these answers and more!

 


Franklin Loan Center | NMLS 237653
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 4131316
http://www.nmlsconsumeraccess.org/entitydetails.aspx/COMPANY/237653
For questions or concerns please email info@franklinlc.com