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The Nystrom Team, REALTOR®, real estate agents and broker for Keller, Southlake and Coppell Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
Financing Your Home >Qualifying For A Loan

It is useful for home buyers to understand the difference between loan pre-qualification and pre-approval. Pre-qualification, which in today's marketplace is usually done by mortgage brokers, means working with the buyers to determine how much they can afford and which loans are the most likely to be available to them. Loan pre-qualification can save buyers time and money and can even be a bargaining tool with a seller. However, pre-qualification is not the same as loan "pre-approval". The mortgage broker can often get the buyer a pre-qualification letter, but pre-approval must be issued by the mortgage lender.

Pre-approval means that the lender has definitely committed to loaning the buyer money, once the house itself is approved. Since it is a much stronger pledge, it is a much more valuable negotiating tool. When you hear someone talking about "pre-approval", they are referring to specific acknowlegment by a lender that they are willing to loan the buyer money. The real estate agent can be of assistance in this process.

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Real Estate Trivia
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What is currently the most sought-after amenity in the majority of upscale homes?

A 
Technology that "enables" a home with features such as structured integrated wiring and broadband Internet access is the current amenity of choice.
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The Nystrom Team, REALTOR®, real estate agents and broker for Keller, Southlake and Coppell Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

The Nystrom Team
Keller Williams DFW

850 East St. Hwy 114 #100
Southlake, TX. 76092
Phone: 817-328-1110
972-588-8895
Fax: 817-251-1522
Email: TheNystromTeam@NUMBER1EXPERT.com

Professionalism, Integrity, and Results! These are all things that you can count on when you trust your real estate needs with The Nystrom Team. Our team of professionals is ready to help you through the maze of details that are a part of every real estate transaction. Call The Nystrom Team or check out our website. We look forward to EARNING your business and making you a client for Life!

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Keller Williams DFW real estate and homes for sale in Keller, Southlake and Coppell Texas

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