Prequalification vs PreApproval Welcome to this week’s edition of The Mortgage Minute were we take a look at prequalification vs preapproval. The Mortgage Minute is weekly informational series presented by Laura Borja, Your San Diego home loan expert. Let’s explore the differences between prequalification vs Preapproval. A Pre-qualification is more of an overview of an […]
The Mortgage Minute- What loan documentation do you need? Welcome to this week’s The Mortgage Minute, a weekly informational series presented by Laura Borja, Your San Diego home on expert. Today’s topic is mortgage loan documentation. Though the exact documentation that will be needed in your situation will depend on, well, your situation, there is a […]
How to qualify for a bigger home using first time homebuyer down payment assistance. You have been dreaming of buying a home for what seems like forever. You found the perfect home. It has the right number of bedrooms, the right size yard and it’s in your dream neighborhood. You are ready to sign […]
Pre-qualification or Pre-approval: what’s the difference? I was recently asked this question by a new client contact. He said he was fully pre-approved by lender and was hesitant to start the process with another lender. I found it very interesting that someone who was fully pre-approved did not know the difference between the two terms. It […]
Prequalified buyers- get your approvals updated. Why? Rates skyrocketed. So you tried to be an informed and responsible home shopper and you have obtained a prequalification or pre-approval from a lender a few weeks back. Great! Definitely a completely necessary step in any home buying process. BUT….. get your preapprovals updated! Rates skyrocketed over […]