What is the difference between being Pre Approved for a home loan and Pre qualified?

As a buyer you always here your Realtor say "Go get pre approved from your lender, and then we will go look at homes."

Why does your Realtors say that? It is simple. A pre approval is in depth look at your financial footprint. It will determine what you can and can not buy when it comes to your next home.

Pre Qualification process is a lenders guess as how much you can buy. The lender will look at the debt ratio to income and determine what is the best price point to pay up to in a home purchase. To learn more about this click on this link.


Check out the home photo's below. You could get qualified to buy this home today! Home is located at 2505 Palmer Fremont NE. 3 bed, 2 bath, 3 car heated garage priced at $149,900

Shelli Novotny Associate Broker Prudential Ambassador Real Estate 402.250.7042 


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