MORTGAGE PRE-QUALIFICATION VS PRE-APPROVAL….. there is a difference

One of the first steps in purchasing a new home is getting your financing in place.  Getting a pre-approval from a lender will allow you to focus on the price range that is within your budget without spinning your wheels! Time well spent to get in the best buying position you can.

Not to be confused with a mortgage pre-qualification which is an initial assessment of a potential buyer. In general terms, when a lender pre-qualifies a buyer, they discuss the buyer’s credit, income and assets with them. When a lender pre-approves a buyer, they will have run the buyer’s actual credit and verify the buyer’s income and assets. That’s a major difference since agents and sellers view a pre-approval as a more firm start to the home-buying process. 

Below are a few preferred lenders we have worked with previous buyers:

Contact our Preferred Lenders TODAY!!!

Bill James GBC Mortgage2

image002

Bill James- GBC Mortgage

NMLS # 83679
C: 704.281.0258
9525 Birkdale Crossing Drive, Suite 203, Huntersville, NC 28078
Email: bjames@geobanking.com
Website: www.geobanking.com/billjames

 Click HERE to Apply Online w/ Bill 

Movement Mortgage-A Home Suite HomeKaren Patterson- Movement Mortgage

Karen Patterson- Movement Mortgage
NMLS # 504481
C: 704-239-2187
19901 West Catawba Ave, Suite 104 Cornelius, NC  29031

Email: karen.patterson@movement.com
Website: www.movement.com/karen.patterson   

 Click HERE to Apply Online w/ Karen  

searchAndrea Kindley- Fairway Independent Mortgage Company
NMLS # 93066
C:  704.902.6371
114 Morlake Drive #102 , Mooresville, NC  28117

Email: akindley@fairwaymc.com
Website:  http://www.andreakindleyteam.com/              

Click HERE to Apply Online w/ Andrea

Fairway Independent Mortgage-A Home Suite Home

Click HERE for a LIST of DOCUMENTS Your Lender Will Need

Being Your Own Banker- A Home Suite Home

Click HERE to Download the “Becoming Your Own Banker”