Financing | 9 of 11 | Gain Leverage Before Making an Offer

Hi, my name is [your name here]. I am a Realtor here in [your city here]. Let’s talk for a moment about pre-qualifications and pre-approvals. There’s a pretty big difference between the two. A pre-qualification is when you reach out to a loan officer, give them permission to pull your credit and talk to them about your debt and your income. A pre-approval requires a little more work, but it will also flush out all the necessary details so you can feel confident in actually moving forward to purchasing a home with success. Pre-approvals require the lender to gather data from you, get paperwork for verification, verifying all your important details and history and then finally full approval. One last important thing to consider is that once you are approved, the house still needs to be approved which includes checking the title and the value. I will talk about that process in another video. Thanks for being here, and make sure to check out the MORE FROM [your name here] button on this page for more great content. And if you are a homeowner, claim your free home management system below by clicking the FREE HOME MANAGEMENT SOFTWARE button at the bottom of this page. There is a video there that will explain what I am giving you, so take a look. And if you are watching this on YouTube, then subscribe, click the bell, and look for the link in the description to find the page I am talking about so you can get your free home management software! Thanks so much again and feel free to pass this along to your friends, neighbors and even your work colleagues if they need my help. Have a great day and happy house hunting! Bye!