As agents, it seems like we're always trying to impress on home buyers the importance of getting at least pre-approved before looking at houses. But some buyers just don't want to make the effort until they "find the one".
Now those buyers are two steps behind. Just getting pre-approved is no longer enough. Today's savviest agents get their buyers loan approved in advance.
Pre-Qualification, Pre-Approval & Loan Approved. What's the difference?
Getting pre-qualified for a loan is an easy process. Probably too easy. It’s just an initial evaluation of your creditworthiness. You give the lender your approximate income, the amount of your debt and any other important details from your credit history, often over the…