Troy Daul
Integrity, Knowledge & Commitment
Phone: (909)289-4599
Pre-qualification vs. Pre-approval
An important first step in the home-buying process is knowing how much you can afford to pay for a new home. When we know what price range you can afford, we can focus our real estate search on homes within prices ranges ideal for you.

Loan pre-qualification vs. pre-approval
Pre-qualification is an informal way to see how much you may be able to borrow. You can be pre-qualified over the phone with no paperwork by telling a lender your income, long-term debts and how large a down payment you can afford without any obligation, This helps you arrive at a ballpark figure of the amount you may have available to spend on a house.

Pre-approval is a lender's actual commitment to lend to you. It involves assembling the financial records and going through the approval process. As a pre-approved buyer, you will know exactly how much the bank will loan you. This puts you in a better position to buy in today's competitive market. A pre-approval letter from your lender tells the seller that you are willing, capable and able and to purchase.

I work with lenders who have a wide variety of loan programs available for home-buyers. If you would like me to refer you, please complete the form below. There is no cost or obligation.
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