Top Boca Raton Home Loan Expert Explains Pre-
Qualification & Pre-Approval
If you're in the market for a Florida home, the new resources from
Unlimited Mortgage Lending are exactly what you need to help you
make the right mortgage decision!
The company's new resources explain the
difference between mortgage pre-qualification and
They also include an exclusive pre-qualification
mortgage calculator to help you determine the amount
you may be able to access.
The company explains that the main
difference between mortgage pre-
qualifying and pre-approval has to do
with the level of commitment from both
Getting pre-qualified for a loan is
an informal process that can be
completed over the phone.
Pre-approval, on the other hand, is the lender's official
commitment to lend to you.
The lender undertakes an extensive
analysis of your financial records to
provide an accurate figure of how
much the you will be able to borrow.
Christopher Pierce, a leading Florida loan office
and owner of Unlimited Mortgage Lending,
recommends that you get at least pre-qualified
to streamline your home shopping process.
"It is smarter for a person to get themselves at least pre-qualified so
they know how much home to start shopping for", explains
"Getting pre-approved takes
out the guesswork."
"Being pre-approved lets the realtors and the
sellers know that you have already
completed a mortgage application and your
supporting documentation has been
reviewed by an authority within the mortgage
ng.com for more info!