When a client tells you they are Pre Approved for their mortgage are they really?


Know the Difference between a Pre-Approval and a Pre-Qualification~~

Knowledge is Confidence!

What if you've invested time and money showing houses TO YOUR CLIENT and the SELLER is packing and has plans for the proceeds of his sale and the deal goes dead because you thought your client was pre-approved and that is NOT the case?                       

Pre-Qualification entails a basic overview of a borrower's ability to get a loan. The borrower provides a mortgage lender with information~~about their income, assets, debts, and credit~~~but they do not need to produce any paperwork to back it up. In return they get a rough estimate of what size loan they can afford.....this is by no means a guarantee that they will get approved for that loan when they go to buy a home.

Pre-Approval is an in-depth process that involves a lender running a credit check and verifying income and assets. An underwriter then does a preliminary review of the borrower's financial portfolio and if all goes well issues a pre-approval which is a written commitment for financing up to a certain loan amount.

I've gathered a lot of experience over the past 25 years and would love to share it with someone ready to buy their first home....or who needs a refresher course  because it has been years since they have gone through the loan process. I can help your clients gather together the paperwork needed to get a pre-approval giving you more confidence in writing an offer!   

I will help your client NAVIGATE THE LOAN PROCESS.....


Lending Consultant