Posts from December 30th, 2019

Napier Realtors ERA Blog

Subscription

Subscribe and receive email notifications of new blog posts.

RSS Feed Archives

2026 | 9 Posts
- March | 1 Posts
- February | 4 Posts
- January | 4 Posts
2025 | 52 Posts
- December | 5 Posts
- November | 4 Posts
- October | 4 Posts
- September | 5 Posts
- August | 4 Posts
- July | 4 Posts
- June | 5 Posts
- May | 4 Posts
- April | 4 Posts
- March | 5 Posts
- February | 4 Posts
- January | 4 Posts
2024 | 53 Posts
- December | 5 Posts
- November | 4 Posts
- October | 4 Posts
- September | 5 Posts
- August | 4 Posts
- July | 5 Posts
- June | 4 Posts
- May | 4 Posts
- April | 5 Posts
- March | 4 Posts
- February | 4 Posts
- January | 5 Posts
2023 | 52 Posts
- December | 4 Posts
- November | 4 Posts
- October | 5 Posts
- September | 4 Posts
- August | 4 Posts
- July | 5 Posts
- June | 4 Posts
- May | 5 Posts
- April | 4 Posts
- March | 4 Posts
- February | 4 Posts
- January | 5 Posts
2022 | 52 Posts
- December | 4 Posts
- November | 4 Posts
- October | 5 Posts
- September | 4 Posts
- August | 5 Posts
- July | 4 Posts
- June | 4 Posts
- May | 5 Posts
- April | 4 Posts
- March | 4 Posts
- February | 4 Posts
- January | 5 Posts
2021 | 55 Posts
- December | 4 Posts
- November | 5 Posts
- October | 4 Posts
- September | 4 Posts
- August | 5 Posts
- July | 4 Posts
- June | 5 Posts
- May | 4 Posts
- April | 4 Posts
- March | 5 Posts
- February | 4 Posts
- January | 7 Posts
2020 | 67 Posts
- December | 7 Posts
- November | 8 Posts
- October | 6 Posts
- September | 5 Posts
- August | 6 Posts
- July | 5 Posts
- June | 6 Posts
- May | 6 Posts
- April | 4 Posts
- March | 5 Posts
- February | 4 Posts
- January | 5 Posts
2019 | 62 Posts
- December | 6 Posts
- November | 4 Posts
- October | 5 Posts
- September | 6 Posts
- August | 4 Posts
- July | 6 Posts
- June | 4 Posts
- May | 6 Posts
- April | 6 Posts
- March | 5 Posts
- February | 5 Posts
- January | 5 Posts
2018 | 62 Posts
- December | 7 Posts
- November | 5 Posts
- October | 5 Posts
- September | 4 Posts
- August | 5 Posts
- July | 5 Posts
- June | 4 Posts
- May | 6 Posts
- April | 6 Posts
- March | 4 Posts
- February | 4 Posts
- January | 7 Posts
2017 | 35 Posts
- December | 4 Posts
- November | 4 Posts
- October | 7 Posts
- September | 4 Posts
- August | 7 Posts
- July | 5 Posts
- June | 4 Posts
2016 | 1 Posts
- March | 1 Posts

Real Estate Terms: Pre-qualification vs. Pre-approval

December 30th, 2019 by Napier ERA

Our REALTORS® know getting a mortgage on the best terms is something all buyers think about. That's especially true of first-time buyers! When you're exploring the best Richmond homes for sale, sound financing means peace of mind.

Luckily, the mortgage process is a lot easier than it seems at first!

The more you know, the simpler it is to get a mortgage loan you can be happy with. We'd like to address one of the most common questions about home financing our team gets: The difference between pre-qualifying for a loan versus receiving pre-approval.

Pre-Qualification and Pre-Approval: What's the Difference?

When it comes to getting a great home loan, starting sooner makes life easier.

Prequalification and preapproval are steps you take to smooth the path to your final loan package. You can think of one of them as the trial run, while the other is the "real deal."

Pre-qualifying can happen in a matter of minutes the first time you talk to your lender. You discuss your finances and get a ballpark estimate for what loan amount you can expect. It's not necessary to document your income, and you're not committing.

Click Here to Read More...

Categories: Buy a House

Tags: Napier ERA, Buying a house, First-time Buyers, Home Loan