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Difference Between Pre-approved and Approved for a Mortgage – Pre-Approval. It’s not always necessary to get pre-approved for a mortgage but all smart borrowers do it – and do it before beginning their home search in earnest.

5 Things to Know Before Getting Pre-Approved for a Mortgage – You may think that getting pre-approved for a mortgage is a sure-fire thing. It’s rather a catch-22 situation since you likely haven’t yet found a home. But if you do and an appraiser finds that.

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Why You Should Get Pre-Approved for a Mortgage – What is mortgage pre-approval and how can it help you to get the house of your dreams? Find out the answer here. image source: getty images. If you’re shopping for a home, one of the first things you.

How and Why to Get Preapproved for a Mortgage – dummies – Before you get serious about making an offer on a new home, obtain from your mortgage lender a prequalification letter at minimum, or better yet, a preapproval .

Mortgage pre-approval: Making it official. Pre-approval shows you have the resources to make the purchase and it helps you act quickly when you find the perfect home. From the sellers’ point of view, a pre-approved buyer is more attractive than someone who says they can buy a house but have nothing but their word to back up their offer.

Mortgage Q&A: “Pre-Qualification vs. Pre-Approval” When you initially set out to purchase a new home, the real estate agent(s) and home seller will want to know you can actually afford the thing.

What Is a Mortgage Pre-Approval? | DaveRamsey.com – A mortgage pre-approval shows home sellers that you have your finances in check, that you’re serious about buying a house, and that you won’t be denied a mortgage if they decide to sell you their home. Is a mortgage pre-approval the same as pre-qualification? No! Mortgage pre-approval and pre-qualification are not interchangeable.

Eric Bloomstrand – Home Loans & Refinancing – Bell Bank. – Eric is the only loan officer I trust when it comes to working with my clients and actually getting them fully approved for their loan. When he says we are good to go, I can sleep at night knowing that there will be no surprises at closing.

Bankrate.com provides a FREE loan prequalification calculator and other mortgage loan payments calculators.. a good starting point in figuring out if you can get pre-approval for a home loan.