When you first start talking about buying Santa Cruz homes for sale, you’ll hear “Oh, you should get pre-qualified first,” or “you should get pre-approved first.” So who’s right? What’s the difference between the two? Is there any difference at all?
Before shopping for Santa Cruz homes for sale, you want to look at lenders. Not all mortgage lenders are created equal. Especially now, with the rocky economic times, you have to be especially careful who you get your mortgage through. When you find a lender you’re comfortable with, you have two choices: start shopping for houses or get pre-qualified for a loan.
Pre-qualification for a loan is based on the best estimate of the loan officer, not “set-in-stone,” verified facts. The…