Why get Pre-Approved?

Why get Pre-Approved?     Hello , There's a big difference between being Pre-Approved and Pre-Qualified. Home buyers who get pre-approved have submitted documentation and their application has been put through a rigorous process. Pre-qualification is only a preliminary assessment of a borrower's ability to qualify and requires more time, documentation and examination to confirm eligibility Pre-Approval = Commitment Time to shop and compare loan options Qualifications reviewed and verified by lender Confidence in affordability Can close quickly Pre-Qualification = Estimate Lose leverage to shop and compare loans and homes May waste time looking at homes out of price range Purchase offers less attractive to home sellers - especially in multiple offer situations Must wait for review and verification by lender We can put time on your side and help you get prepared to have the best possible experience, whenever you're ready to buy a home. Let's talk about your options.               Justin Petruzziello Branch Managing Director NMLS# 216884   Direct: 732-330-7749 Office: 848-480-2354 jpetruzziello@rhfunding.com www.rhfunding.com/jpetruzziello     Gloria Benaroch Broker Associate 8935976   Cell: 732-245-4031 Office: 732-842-3434 gloribee2008@gmail.com www.gloribee.com   This is not a commitment to lend. All rates, fees and loan terms are subject to a formal loan application, credit risk, appraisal evaluation and other lending criteria. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply. NMLS# 34973. New Jersey Licensed by the NJ Department of Banking and Insurance - License # 9964632 325 W. Water Street, Ste. 2W Toms River, NJ 08753 Copyright 2016 Residential Home Funding. All rights reserved. Unsubscribe.