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Get Pre-Approved for a Loan
One important milestone to becoming a serious buyer is understanding the difference between being prequalified and preapproved. ... With a preapproval letter from your lender, real estate agents and sellers know you are a serious buyer. This letter can be shown to sellers when bidding on a property.
A mortgage pre-qualification can be useful as an estimate of how much you can afford to spend on your home, but a pre-approval is much more valuable because this means the lender has actually checked your credit and verified your documentation to approve a specific loan amount (usually for a particular time period such
Certified Mortgage Planner / Branch Manager
NMLS ID# 289198
Reader’s Choice - Mortgage Professional of the Year 2012
Creating Raving Fans throughout California!
Scott Eaton NMLS ID# 289198, CA BRE ID# 01499465
1300 S. El Camino Real, Suite 505 San Mateo, CA 94402 Branch NMLS ID# 395759
EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 | www.nmlsconsumeraccess.com |
NMLS ID# 288396
Mortgage Loan Originator