Looking to buy a home? You may want to get pre-qualified for a loan before you begin your search. Getting pre-qualified is easy to do and will help you find a house in a price range that you can afford. You will even have a letter to show the seller, which will make your offer more attractive.
Pre-approval is a little more comprehensive and will require that an Eastpointe loan counselor work with a lender toward full approval, a process that will involve everything except for getting the appraisal and ordering the title search. Pre-approval is a great way to get even more negotiating power with the seller, and can even help win a bidding war.
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