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What Are They?

As you begin searching for a home, real estate agents and sellers may want to see if you’ve been working with a mortgage lender so  they know you can afford to buy a home. After you’ve been prequalified,  you’ll usually receive a “prequalification letter”  you can show to an agent or seller as proof you’re working with a  lender. This is a good first step, but it typically won’t carry as much  weight as a preapproval because a lender hasn’t yet verified your  information. Going beyond a prequalification and getting preapproved is a  critical step to showing you’re serious about buying a home.

Need one?  Call Cash Mortgage, 855-768-3927 or 409-771-6893