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Buying a home is one of the most important financial decisions you will make during your lifetime. When you are shopping for a mortgage it is important to shop around. At All First Mortgage, we guarantee that all of our mortgage rates are competitive, and we promise to match any rate on a comparable loan program in the state!
All First Mortgage provides all of our clients with multiple free quotes, and will help you research which mortgage option is right for you. Let us do the work, while you focus on more important things such as finding the home of your dreams.
What is the difference between pre-qualification and pre-approval?
A pre-qualification issued by a loan officer determines the value of the loan you may be approved for. Although a letter of pre-qualification will allow you to make an offer on a property, it is not a commitment to lend.
Pre-approval is one step beyond pre-qualification. Pre-approval involves a credit check and a down payment, and will allow you to close quicker on a property you are interested in. A pre-approval certificate can also help you negotiate a better price with the seller, because your buying power is guaranteed.
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