Honesty.. Integrity. Professionalism. When Experience Matters: 'Just Call Ants' - Anthony Rael, Denver Realtor | Real Estate Expert Serving Colorado Since 2005 : RE/MAX Alliance

Home Mortgages - How Much Can You Afford? --- www.anthonyrael.realtor

What is the difference between Pre-Qualifying and Pre-Approval?

A pre-qualification is normally issued by a loan officer, who, after interviewing you, determines the dollar value of a loan you can be approved for. However, loan officers do not make the final approval, so a pre-qualification is not a commitment to lend. After the loan officer determines that you pre-qualify, he/she then issues you a pre-qualification letter. This pre-qualification letter is used when you are making an offer on a property. The pre-qualification letter indicates to the seller that you are qualified to purchase the house you are making an offer on.

Pre-approval is a step above pre-qualification. Pre-approval involves verifying your credit, down payment, employment history, etc. Your loan application is submitted to an underwriter and a decision is made regarding your loan application. If your loan is pre-approved, you are then issued a pre-approval certificate. Getting your loan pre-approved allows you to close very quickly when you do find a house. A pre-approval can help you negotiate a better price with the seller, since being pre-approved is very close to having cash in the bank to pay for the house!

If you have any questions, call me at 303.520.3179.

 FINANCING OPTIONS
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Pre-Qualify for a Home Loan Now
For help with home financing, home loans, home mortgage financing, mortgage loans, home financing, mortgage, Colorado home loans, Colorado mortgages, mortgage rates, pre-qualifying, pre-approval, FHA, VA, Conventional, current interest rates & mortgage options - please contact one of my preferred mortgage loan brokers below who can help you get pre-qualified or pre-approved for a loan.  The companies and contacts below have proven to be outstanding mortgage brokers who can help with New Home Loans or Re-Financing.  There is absolutely no charge or obligation and is a vital first step in preparing to purchase a property.
 

Denver Area Mortgage Lenders

Are you a Veteran of the US Armed Forces?
Did you know there are special home financing benefits available by the Veterans Administration? Contact Anthony Rael at 303-520-3179 to learn more about this wonderful low-cost home loan program!

Buying a Home with a VA Loan? - Get Approved for VA Home Loan Financing - VA Resources in Denver, Colorado
Buying a Home with VA Loan?

 



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Anthony Rael  |  REMAX Alliance - Arvada  |  6465 Greenwood Plaza Blvd, #280  |  Greenwood Village, CO 80111  |  303.520.3179

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