Mortgage Center

The only difference between PRE-QUALIFICATION and PRE-APPROVAL is that I have reviewed the documents and verified that the numbers we used during the loan application process are the same numbers that the banks will use once we are ready to complete the loan.  When I review these documents I may find that you have more or less income than we discussed.  This is because banks will not allow us to include some forms of income, but will allow us to add other income.  Especially when using tax returns to verify income there can be differences in the income you make and the income the bank will allow us to include.  I must take in to consideration some tax figures and other figures when I complete my calculations for PRE-APPROVAL.

Why is PRE-APPROVAL so important if I have a Pre-QUALIFICATION?
 
The good news is that I can complete a PRE-QUALIFICATION for you in about 30 minutes.  And depending on how fast you can send me the required documentation for PRE-APPROVAL, I can usually complete that in about 2 hours.  So if you call now I should be able to have you PRE-APPROVED within 24 hours!  You will know the payment, the buying process and the maximum purchase price you are looking for and be ready and confident to buy!
 
Along with your PRE-APPROVAL I will also send you a breakdown of all of your closing costs so you will know how much you will need in cash to close escrow, as well as a copy of your most recent credit report.
 
And this service is free of charge just for working with Erika Kay!
 
To schedule your PRE-QUALIFICATION and PRE-APPROVAL appointment, or for more questions, give me a call at 909-463-4750.  I look forward to seeing you in your new home!