rightAre you pre-qualified or pre-approved for a loan?
Before you begin to shop for a new home, you should set up a time to meet with one of our knowledgeable loan officers to determine how much you can afford. This will put you in a better position as a buyer. That’s when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house.