Many people use the terms Mortgage Pre-Qualification and Mortgage Pre-Approval interchangeably, but there is a significant difference. So, what's the difference, and why is pre-approval critical to make a competitive offer?
If you want to get PRE-APPROVED for a mortgage, I can recommend several highly reputable, local lenders. These are professionals with whom I have worked because they get deals closed quickly and reliably. NOTE: Realtors do not receive any sort of monetary compensation from mortgage brokers or loan officers, as this would be against the law.