Mortgage Pre-Approval

Mortgage Pre-Approval

Mortgage pre-approval can give you an advantage over other home buyers who haven’t been pre-approved. Most home sellers give much more weight to an offer when the buyer is pre-approved not just pre-qualified. Loan pre-approval can make the difference of having an offer accepted or just over looked.

What is the clear difference between pre-approval and pre-qualification?

A mortgage pre-approval denotes that a lender has taken a detailed examination into the borrower’s credit information and has issued a preliminary credit review, pending documentation and the property information. Because a pre-approval includes a credit check, it’s more powerful than a pre-qualification letter, which generally only estimates what you may be able to borrow, based on data  provided by the to be borrower.

Home loan Pre-approval gives confidence to the first time home owner to begin home shopping because a lender is giving more of a commitment to lend the money. Obtaining a mortgage pre approval makes it easier to shop naturally because you know what loan amount the lender has approved.

The first time home owner can target the neighborhood they want to live in. They can pick and choose which houses to visit without wasting time. Pre-approval will save the home buyer time, money and most important, it’s an edge when they find house of their dreams.

Also applying to get mortgage pre-approval has an advantage of finding out about any problems with loan approval. This gives borrower  time to address issues early in the home buying process.

Working with a professional mortgage broker can help solve issues with the loan approval. Start the process by following the link and fill out a simple form and we will get back with an answer ASAP


The home buying process is a way to go from wanting to own a house to actually buying a home.

The financial issues associated with buying a home are the reasons why most people succeed or fail. As a former mortgage broker I’ve helped many clients deal with the home buying financial issues properly. They are now home owners. I also saw people struggle with the money issues of buying a home. They were not financially prepared to buy a house. The frustration issue many times was that they did not understand the financial issues to buy a home. So, I was driven to create this Home Buyer’s Financial Guide. A Mortgage Broker designed to save borrowers money! We are an Equal Housing Lender. Continue reading