Preapproved or Prequalified KNOW the Difference
- Are you thinking about buying a new home?
- Get preapproved or prequalified AND make sure you know the difference.
- Prequalified - This means your loan officer pulled your credit, asked how much income you can show and gives you an amount he thinks you can afford "up to" This is a great way to start the process, however there is NO guarantee the loan will be approved.
- Preapproved - This means the loan officer has pulled your credit AND gathered documentation from you to make sure the loan's likelihood of being approved is as HIGH as possible.
- To see if I can provide you a prequalification or preapproval contact me today!
- Benjamin.Klar@usmortgage.com
- Direct Phone 207-514-0753
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