THE HOPP TEAM
Gary & Peg Hopp, REALTORS
Direct: 419-270-3800
Direct: 419-341-2710
Office: 419-270-3800
garyhopp@hoppservices.com
peghopp@hoppservices.com
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What's the difference between being pre-qualified and pre-approved for a mortgage?
March 30th, 2016 4:13 PM by Gary and Peggy Hopp
Pre-qualification is an informal determination by a lending professional that estimates how much mortgage you can afford. This will help you guide your home search to the correct price range.
Pre-approval is a written guarantee by a lender or mortgage broker to grant you a loan up to a specified amount. It is a good idea to get pre-approved before submitting an offer; sellers will take your offer more seriously than an offer from someone who is only pre-qualified.
Posted in:
home buying
and tagged:
Port Clinton OH
Ohio Real Estate
Marblehead
OH
Mortgage qualification
Posted by Gary and Peggy Hopp on March 30th, 2016 4:13 PM
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What's the difference between being pre-qualified and pre-approved for a mortgage?
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