Florida Mortgage Pre-Qualification Vs Pre-Approval Explained By Top Loan Officer

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 top Boca Raton mortgage company released an updated range of videos and guides for prospective home buyers in Boca Raton and throughout Florida. The company’s new resources explain the difference between mortgage pre-qualification and pre-approval. They also include an exclusive pre-qualification mortgage calculator to help you determine the amount you may be able to access.

Go to https://bit.ly/PreQvsPreApprove for a brief informative video.

The company explains that the main difference between mortgage pre-qualifying and pre-approval has to do with the level of commitment from both parties.

Getting pre-qualified for a loan is an informal process that can be completed over the phone. It requires no paperwork and enables you to get an approximate estimate of how much you may have available to spend on a house. Based on a series of information including income, debt and potential downpayment, the estimated figure is a usable approximation that can help you make an informed decision.

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 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 Christopher. “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 industry.”

Unlimited Mortgage Lending offers an accessible exclusive pre-qualification mortgage calculator. The software enables you to get an approximate estimate of your available loan based on your income, debt and purchase price.

For more information on pre-qualification and pre-approval, please visit Get Pre-Qualified here and Get Pre-Approved here

Click on the links above for the top-quality Florida mortgage resources you need!

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Created on Jun 13th 2020 01:39. Viewed 289 times.

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