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Bruno O. Suttmann - SRES®, Realtor®
Senior Real Estate Specialist · New Home Construction · Investment Properties
Serving Bucks County, Montgomery County and Philadelphia
24 Hour Toll Free Direct Line - 866-871-9900
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Realtors in Bucks County, PA Bruno O. Suttmann, Realtor

· Doylestown
· Quakertown
· Chalfont
· Dublin
· Perkasie
· Buckingham
· New Hope

Pre-Qualification or Pre-Approval... What's the difference?

What does it mean to be Pre-Qualified?

Getting pre-qualified for a loan gives you an idea of how much you might qualify to borrow based on your stated income, assets and liabilities. Since you have not actually applied for a loan and none of your information has been verified, the loan amount is in no way guaranteed.

CLICK HERE to start the pre-qualification process now!

Your Best Option: A Mortgage Pre-Approval

A pre-approval is a firm mortgage approval. Unlike a pre-qualification, your loan amount is approved based on your credit, income, assets and employment information.

A pre-approval is usually good for several months, giving you plenty of time to shop for a home. With a pre-approval, you can be confident that your loan will close as long as the property gets a satisfactory title and appraisal.

While it's helpful to be pre-qualified, a pre-approval really puts you in the driver's seat when making an offer. It shows the seller that you're a serious buyer who's ready and able to make a deal.

Equal Housing Opportunity Exit Team Realty
141 Friends Lane, Suite 100
Newtown, PA 18940
Main Office: 215-860-1007
Toll Free: 866-871-9900 · Contact Form
Realtors in Montgomery County, Pennsylvania