Page 30 - for PDF DOWNLOAD Copy of 5.23.23 Final Copy of 2023 BUYERSHOME GUIDE

P R E - Q U A L I F I C A T I O N V S P R E -

A P P R O V A L

What about pre-qualification?

Pre- WHAT IT IS

Approval vs Pre-approval is a game-changer. It is a

letter from a lender saying that they have

Pre- evaluated your finances and are

tentatively willing to lend to you.

Qualificati It shows sellers you mean business.

You’ve done your research; you know your

budget and you’re ready to plunk down

some serious cash on a brand-new home.

More than that, a pre-approval shows a

sellert hat you’ve spoken with a lender

and you have a crystal clear idea of the

loan you’ll likely be approved for.