Pre-Qualified vs. Pre-Approved | What’s the Difference?
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👉 Pre-Qualified vs Pre-Approved: What’s the Difference?
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YouTubeLiving in Lakewood Ranch Florida
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Real Estate 101: What NOT to Do After Pre-Approval You’re pre-approved! Now the goal is to keep your finances as consistent as possible until closing. Avoid these 5 mistakes: • Don’t open new credit cards • Don’t finance a car or take on new debt • Don’t change jobs without talking to your lender • Don’t miss or make late payments • Don’t make large unexplained deposits or move money around without checking first The golden rule: Before making any major financial change or purchase, call your le
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TikTokvalliehomes
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Getting pre-approved is not the finish line. Between pre-approval and closing, your lender may continue reviewing your credit, income, employment, assets, and documentation. Something that seems completely harmless to you can jeopardize your mortgage, delay your closing, or, in some cases, cause you to lose your loan approval. Follow your lender’s professional guidance throughout the process and don’t make financial changes without understanding how they could affect your loan. Save this for lat
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TikTokanna_unlocks_miam
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Pre-Qualified vs. Pre-Approved. Getting Pre-Qualified is just “telling” the lender your income, assets, estimate on your credit score, etc. Getting Pre-Approved is actually proving by giving your lender bank statements, W2’s, pay stubs, getting your credit report checked, etc. Sellers prefer Pre-Approved buyers because it will avoid any financial surprises during the escrow. If you find this helpful, please like, share and/or follow @pitchrealestate #sandiegorealtors #sandiegorealestateagent #re
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