Get Pre-approved and Get Into Your Dream Home
What is the benefit of having a mortgage pre-approval when looking for a house? There is a difference between a mortgage prequalification and pre-approval. A prequalification is based on the information you verbally give to qualify for a mortgage. A pre-approval is a stronger tool to have – your information is reviewed by an underwriter to be sure your income and assets qualify you to get the loan you are applying for. If you are looking to buy a house using your VA home loan benefit, a mortgage pre-approval is the best way to get you to your dream home!