With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is
What Is The Difference Between Prequalified Vs Preapproved
Dated: October 22 2020
Here at The Michelle Cantrell Group we want to ensure a smooth buying process so we thought it would be helpful to talk about the difference between pre-qualified vs. pre-approved. Often times, these terms are used interchangeably, but they mean very different things! Typically, during a pre-qualification, the lender will take a look at your finances, such as a verbal employment history, assets and income, and give you an ESTIMATE of what you could qualify for. A pre-approval, however, will require a credit pull, documentation such as bank statements, pay stubs, and W-2’s to determine what kind of loan you will ACTUALLY qualify for. The pre-approval letter is what your real estate agent and home sellers are looking for so they know you are ready to purchase the home you want! Questions about getting a pre-approval for your dream home? We recommend one of our partners at Gershman Mortgage. Call (417) 839-8723 or email at firstname.lastname@example.org for more information
Michelle is a native of Southwest Missouri and has twenty-eight years of experience in selling real estate in the greater Springfield area! Michelle specializes in all price points, including new cons....
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An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we