Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho March 22, 2018

What Important Items Can Upset My Mortgage Pre-Approval Status?

When you are purchasing a home, your lender may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals. So the question many buyers have is what exactly is a mortgage pre-approval? In a nutshell, it's when the lender provides you (the buyer) with a letter stating that your mortgage will be granted up to a specific dollar amount. … [Read more...]

Filed Under: Mortgage Tagged With: Assets, Mortgage, Pre-Approval

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