Home
Best Rate Blog
Free Tool
Ask Kate
Current Rates
Refinance
Home Buying
Credit Help
Tips and Advice
Loan Programs
Ez Calculator
FHA Improved
Reverse Mortgage
Advice Center
Mortgage News
Foreclosure
Subprime Plan
Meet Kate
My Mission
Publications
Search This Site

Mortgage Pre Approval Not Prequalification

by Sally
(Eugene)

Want to jump to the front of the mortgage line? Get there with mortgage pre approval. Don't bother getting pre-qualified!

Getting pre-qualified means the bank just takes your word on how much money you can pony up for a mortgage but doesn't verify that you actually have it!

If it can happen in ten minutes or less, it isn't much use. Getting mortgage pre approval on the other hand, means that the lender reviews all of your financial documents, verifies your credit, and is ready to make you a real mortgage offer!

This can be crucial when searching for homes, because the sellers know that all you have to do is pick up the phone, and your mortgage is assured! You also have the comfort of knowing that once you find the house of your dreams, your mortgage will already be waiting for you.

It is to your advantage to sit down and discuss your finances with a mortgage lender before you are under the pressure of competing for your dream house with other home buyers!

Mortgage pre approval will save you time and stress!

Buying A House | Choosing A Lender | Sell Your House
Improve Credit Rating | Best Fixed Rates | Low Mortgage Payments

What if you could turn your dreams of additional income into reality? Now you can. This is MY story.


The information you obtain at this site is not, nor is it intended to be, a substitute for financial, real estate or legal advice. You should consult an attorney, accountant, lender or real estate agent, as applicable, for advice regarding your individual situation. Comments and opinions found here are not necessarily those of Get Your Best Mortgage Rate

Click here to post comments.

Join in and write your own page! It's easy to do. How?
Simply click here to return to Best Mortgage Advice Social Networking Hotline
.



footer for best mortgage rate page