The difference in pre qualified or pre approved.

When pre qualifying, a person can obtain a specific amount of money for a loan.

If pre approved, the loan company agrees to the loan.

Ask the loan company for a letter of commitment that expresses the maximum amount.

This does not include the down payment.

Do not make payments until applying the loan to the purchase.

Spending the entire amount that is pre approved is not necessary. However, knowing your maximum amount is very important.

By knowing your maximum mortgage amount and maximum payment, wondering if the home is affordable, will no longer be an issue.

The ability to purchase that home will be very satisfying.

To get a true picture of your payments always include your monthly taxes and insurance costs.

1. The seller will consider the offer as sincere, giving your offer an advantage over others.

2. Buyers agent, when making offers, can reassure the seller of a quick closing date.

3. The buyers agent will work harder for the serious buyer. This also helps the    buyers agent negotiate for the best price.