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Pre-Approval vs. Pre-Qualification

2019-04-08T12:59:00+00:00

You’re ready to buy your home, and you’re hearing words like pre-approval and pre-qualification; What’s the big difference between pre-approved and being pre-qualified? The difference could mean your offer is accepted instead of rejected. Pre-qualification is the first step in the mortgage process. You and your lender will discuss your financial situation (assets, debts and income). From this conversation, you’ll have an idea of what you can afford. At this stage, a credit report may not be pulled, and income is not typically verified. Because of this, your pre-qualification estimate may be inaccurate. Note:

Pre-Approval vs. Pre-Qualification2019-04-08T12:59:00+00:00

New Years’ Resolutions

2019-04-08T13:01:14+00:00

As the New Year begins, many of us take time to set goals. We vow to lose weight, get out of debt, save money, spend time with family, reduce stress and get a better job. It’s the beginning of the year and the sky is the limit! You can achieve anything you put your mind to. Studies have found that using the acronym SMART for goal setting will assist you in achieving your New Years’ resolutions: Specific – You’ll want to ensure that your goal is detailed thoroughly so that there are

New Years’ Resolutions2019-04-08T13:01:14+00:00