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Updated by Luke Skar on Jul 13, 2023
Headline for Everything You Need to Know About Mortgage Pre-Approvals
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Everything You Need to Know About Mortgage Pre-Approvals

In this edition of helpful real estate and mortgage resources we are focusing on the differences between a mortgage pre-approval vs pre-qualification. It is important to know what these terms mean and how they impact your search for a home. We explain why you need to get a pre-approval and also the reasoning behind a real estate agent’s request for the pre-approval.

Contrary to popular belief, looking for a house is not the first step you should take when it is time to buy your next home. Getting the steps in the right order will make the home buying process easier.
We also have some important insight on what happens AFTER you get a pre-approval. Most mortgage lenders can tell you at least one story about how a loan was turned down after the pre-approval due to problems that were out of the hands of the buyer. This is not meant as a scare tactic, but mainly as a way to keep you informed of all the possibilities that can occur during the mortgage process.

Lastly, we go over some common mistakes made by people buying their first home and how you can avoid these problem areas.


What is a Mortgage Pre-Approval Vs Pre-Qualification?

What is a mortgage pre-approval vs pre-qualification? There are many reasons to know the difference between being pre-approved and pre-qualified!

Mortgage Pre-approval vs Pre-qualification Letter

What is the difference between a mortgage pre-approval vs a pre-qualification letter? Why seller's will want the buyer to get a pre-approved loan.

Why Do I Need to Get a Mortgage Pre Approval?

Why Do I Need to Get a Mortgage Pre Approval? Learn how it can make a difference in you buying the home you want. Call Lynn 954-464-1100 with questions.

Don't Let Your Home Disqualify You From Mortgage Pre-Approval!

Based on the type of mortgage, certain properties will either need to be altered or they will actually be declined.

Common Reasons Why Buyers Are Denied A Mortgage

One of the most important steps in buying a home is obtaining pre-approval for a mortgage. To shop effectively, and within your price range, you need to know what that price range is. For most home buyers, the amount they can spend is set by the lender they choose. By talking with a lender, or shopping around with a few lenders, you can determine what size loan you qualify for. This whole pre-approval process is something every buyer goes through if they are seeking a mortgage to buy a home.

Do I Need to Be Pre-Approved For A Mortgage to Make an Offer on a Home?

Buying a house is not an event, it is a process. Most of the time in today’s post-bubble, post-TRID real estate market, the process is a little more complicated and takes longer.

7 Awesome Blogs On Pre-Approval

One of the first things that is asked of a buyer is that they produce a pre-approval letter from a lender, however many people don't even know wher...

Loan Pre-Approval - Video

What Is A Loan Pre-Approval And Why You Need One If You Are Buying A Home On The Russian River? If you are planning on getting a loan for your transaction yo...

The Importance of a Mortgage Pre-Approval

The home buying process can be exciting, but also stressful. Getting a mortgage pre-approval prior to home shopping can dramatically increase your odds of acquiring the home you really want.

Top 5 Reasons A Mortgage Is Denied After Pre-Approval

A mortgage can be denied even after a buyer is pre-approved. There are many reasons why a mortgage is denied after pre-approval. See the top 5 here.

Why Do Real Estate Agents Ask For A Pre-Approval?

Top real estate agents will request a pre-approval from a buyer prior to showing them houses.There are many reasons! See why a pre-approval is requested!

The Difference Between Pre-Approval and Pre-Qualification

Difference Between Pre-Approval and Pre-Qualification provided by Anita Clark with Coldwell Banker SSK Realtors in Warner Robins GA.

Mortgage Pre-Approval vs Mortgage Pre-Qualification: What’s the Difference?

mortgage pre-approval and pre-qualification are two uniquely different processes. Let us explain.

Do I Need a Mortgage Pre-Approval?

Getting a mortgage pre-approval can help you facilitate a quick and uneventful home purchase.

Why Smart Buyers Make Pre-Approval Their First Step

What’s my first step in buying a house? I was recently asked this by my brother-in-law, who has been thinking of buying a home for the first time. He explained, “My lease is up in March, but I’m not really sure what to do first.” He’s not alone. Many first time home buyers aren’t quite sure what they should be doing to get the ball rolling. We all know it’s fun to imaginary-shop for houses online, but when you’re ready to get serious, what should you do?

Mortgage Prequalification or Preapproval; Which Do I need?

When buying a home being prequalifed or preapproved for a mortgage is not not the same thing.

Making An Offer to Purchase a Home: The Basics Explained

You have made the decision to enter the real estate market as a buyer. You have an idea of what you want and don’t want in a home. So how do you go about finding a home and making an offer? Here, I give you the basic steps in making an offer to purchase a home.

5 First Time Home Buyer Mistakes to Avoid

5 Common Mistakes First Time Home Buyers make and how to AVOID them!

Pre-Approval Vs Pre-Qualification - Why You Need Pre-Approval On A Mortgage

Read tips on why you must make sure you get a pre-approval for a mortgage, not a pre-qualification.

Why Getting Pre-Approved is so Important

House hunting? Why is preapproval so important now? What is the best home loan for me? How to buy a home? Start here - Greg Hancock, Ownerland Realty.

How NOT to Screw-up Your Mortgage Approval

Essential tips and tricks on getting your mortgage application approved. Discover why mortgage brokers and banks are so difficult sometimes and how to deal with them.

How A Mortgage Pre-Approval Can Help A Home Buyer

Get your pre-approval letter first- Let's face it, looking at homes is fun.... talking about how to pay that home for it isn't!!

How A Mortgage Pre-Approval Can Help A Home Buyer

Learn about the importance of getting pre-approved for a mortgage before you start the home buying process.