Traditionally home buyers, home sellers, real estate licensees,
mortgage licensees, real estate attorneys, financial advisers, and
other miscellaneous servicing company personnel who assist in the
performance of the entire home buying, home selling, and lending
processes have been and still are very confused between the terms
Mortgage Pre-qualification versus Mortgage Pre-approval. It is
absolutely critical for all of these categories of people to thoroughly
understand: 1) the difference between real estate buyers getting
pre-qualified for a mortgage versus getting pre-approved for one prior
to purchasing real estate, and 2) the benefits of getting real estate
buyers pre-approved. Accomplishing these things can prevent a lot of
anger, anxiety, emotionalism, frustration, arbitrations, mediations,
threats of lawsuits, and actual lawsuits from occurring between the
parties both directly and indirectly involved in a real estate
transaction. Read More
      
       |
Comments
Post has no comments.