The difference between being prequalified and preapproved is simple: If you\'re prequalified it means that you POTENTIALLY could get a loan for the amount stated to you, assuming that all of the information given was accurate and true. If you\'re preapproved, it means that you have undergone the extensive financial background check - which includes looking at your credit history, previous tax returns and verifying your employment - and the lender is willing to give you a loan. You\'re APPROVED! So, they give you a letter that states such and it is valid for a approximately 60 days thereafter. Notwithstanding the above, you will have an accurate figure which shows the maximum amount that you are approved for. Most sellers prefer buyers that have been preapproved because they know that there will not be any problems with the purchase of their home.
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Coral Shores Realty
Office: 1-954-668-9056Send Email Website Agent Listings Driving Directories
" "Professional Service with a Personal Touch" I specialize in vacation condos & single family homes in the Southeast Florida beach and downtown areas of Hollywood, Hallandale Beach, Fort Lauderdale Beaches and Sunny Isles Beach. I also specialize in relocation, for m" ... view more
First Colonial Realty
Mobile: 1-954-445-0220Send Email Website Agent Listings Driving Directories
"My Commitment to You In the least amount of time possible, I will get you the best price on a home that is perfectly suited to your needs and lifestyle, not just today, but for years to come. The Best Service, The Best Results Choosing a real estate" ... view more
Keller Williams Realty Professionals
Mobile: 1-954-579-6672Send Email Website Agent Listings Driving Directories
"Welcome to the best resource for searching for homes, provided by Elaine Gennaro, Keller Williams Realty A home is not a home because of its room dimensions or the color of the walls. It is about how you feel when you walk through the front door. And the way you can instantly e" ... view more
Epic Florida Properties
Mobile: 954-243-4569 Office: 954-745-4928Send Email Website Agent Listings Driving Directories
"Art Snow has been in the business world working for large public companies and in several of his own businesses for over 30 years. Art brings to the table strong negotiating abilities and strives to get you the best price whether buying or selling. When working with Art you will find him to have A S" ... view more
My Real Estate Broker, Inc.
Mobile: 305-333-0335 Office: 954-727-9177Send Email Website Agent Listings Driving Directories
"Jessica Roberts earned her Master's Degree in Business Administration from Nova Southeastern University. As president and broker of My Real Estate Broker, Inc. for the past 13 years, Ms. Roberts is responsible for all phases of real estate transactions from the acquisition of property throu" ... view more