MORTGAGE PREAPPROVAL
Mortgage preapproval is based on the homebuyers’ income and asset information, which the lender verifies. With their lender’s help, they will complete a loan application. Their lender will check their credit, bank statements and other documentation and approve the homebuyers for a specific loan amount.
Mortgage preapproval is based on the homebuyers’ income and asset information, which the lender verifies. With their lender’s help, they will complete a loan application. Their lender will check their credit, bank statements and other documentation and approve the homebuyers for a specific loan amount.
MORTGAGE PREQUALIFICATION
Mortgage prequalification is also based on income and asset information homebuyers provide a lender, but the lender may not verify it. The lender provides the homebuyers an estimate of how much they can afford.
Are you ready for clear direction? Get in touch today!
Tim Erickson
P: (652) 451-2273
E: tim.erickson@goluminate.com
W: www.TimEricksonMortgage.com
Mark Henderson
P: (651) 398-3477
E: mark.henderson@goluminate.com
W: www.MarkHendersonMortgage.com