Get Pre-Approved and 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 pre-qualification and pre-approval:
- A pre-qualification 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!