prequalification vs. preapproval

The pursuit of the perfect house is like an emotional roller coaster ride—exciting, intimidating and nerve racking. After all, it is one of the biggest purchases you will make in your life. The last thing you want is to have all of your hard work fall through once you are finally ready to make an offer on your dream house.

Luckily, there are steps you can take to ensure your home buying experience is as smooth and seamless as possible. The first, and arguably most important, step is getting a letter of pre-approval from your mortgage lender.

This little piece of paper is pretty powerful! It will help you: Click here to read more »