Found 1 blog entry tagged as pre-qualfied.

By The Kent Redding Group

Planning On buying an Austin Texas home but you're not sure what's the difference between pre-approval vs. pre-qualification? Sadly, in today's real estate market many buyers still don't know the differences between the two, that's why in today's article we will break down the differences between pre-approval vs. pre-qualification so you will know the steps to follow for buying a home.

Pre-Qualification

What does pre-qualification mean? A Mortgage pre-qualification is basically a rough estimate of your borrowing power.

Getting pre-qualified is fairly simple, all you have to do is either call or visit a mortgage lender.

The mortgage lender won't run your credit report; they will review your finances and give you…

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