Mortgage Pre-Qualification
The main difference between a mortgage pre-qualification and a mortgage pre-approval is the fact that a Loan Officer will verify information for a pre-approval.
For a mortgage pre-qualification, you can have a brief 10–15 minute phone call with a Loan Officer where you state your gross monthly income, your current assets, your credit score, and your current monthly debts. The Loan Officer then calculates your pre-qualification amount and provides you with a letter that you can use for viewing properties.
For more information, please read: The Pros and Cons of Mortgage Pre-Qualification.
Dylan Walsh
Loan Officer
Police Mortgage
Dylan Walsh has been a Loan Officer with Police Mortgage, headquartered in Chicago, IL, for the past five years and has personally overseen more than 900 mortgage transactions.
For more information on Police Mortgage or to secure your free, same-day mortgage pre-approval, please visit: www.policemortgage.com.
