Understanding The Differences Between Being Preapproved Vs Prequalified For A Mortgage

Dated: 07/19/2016

Views: 165

Whether you are in the market for buying or selling a home, it is so important to know and understand the differences between being "pre-approved" for a mortgage and being "pre-qualified" for a mortgage.  Believe it or not, there are very distinct differences between them that can cost you the home of your dreams if you aren't fully informed and prepared. With this competitive market, being armed with this knowledge is so valuable! 

Click on the link below to read a great article written by Brian O'Connell from investopedia.com explaining in detail these important differences.  

http://www.investopedia.com/articles/basics/07/prequalified-approved.asp

Also check out the link below and be put in touch with our Lender Partner, Michael Owens with Movement Mortgage for more information on this topic and how he can help you. 

http://getconnectedcarolinas.com/finance.php

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Tony Swainey

As owner of Tony Swainey & Co, my passion is to sell your home bringing you the largest return on your investment, in the least amount of time possible and make it an experience so exceptional that yo....

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