Thursday, September 29, 2011

What Does it Mean to Be Pre-Qualified for a Home Loan Read more: What Does it Mean to Be Pre-Qualified for a Home Loan

What Does it Mean to Be Pre-Qualified for a Home Loan?thumbnail
When shopping for a home, many buyers decide to get pre-qualified with a mortgage lender. This process helps buyers figure out how much they can potentially qualify for when they purchase a house. This term is often referred to as pre-approved, but a closer examination shows that they are two separate terms.