So, {{contact.first_name}}, we understand you’re interested in buying real estate.

By now you’ve probably heard that you need to pre-qualify or be pre-approved for a mortgage. 

But did you know that mortgage pre-qualification and pre-approval are not the same? 

Shocking, we know ;)

So, what exactly are the differences between the two?

When it comes to the former, the applicant provides information to the lender, such as income, employment, existing debts, etc.

This information is enough, in most cases, to pre-qualify the applicant for a mortgage.

However, this information is not yet VERIFIED. 

This means the applicant is not yet approved, and information may arise to disqualify the applicant.

To avoid this, we recommend going after pre-approval – that is, have your information verified first.

This will speed up the buying process and ensure that you get the home of your dreams as quickly as possible! 

If you have any questions about pre-qualification or pre-approval, or if you need any assistance with either, please let us know by replying to this email. 

We’re always here to help :)