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Key Colony Beach Real Estate Florida Keys and neighbooring islands of Duck Key, Marathon, Coco Plum beaches, Islamorada MLS Listings or 305-395-0814
Real Estate Tips
Financing Your Home >Qualifying For A Loan
It is useful for home buyers to understand the difference between loan pre-qualification and pre-approval. Pre-qualification, which in today's marketplace is usually done by mortgage brokers, means working with the buyers to determine how much they can afford and which loans are the most likely to be available to them. Loan pre-qualification can save buyers time and money and can even be a bargaining tool with a seller. However, pre-qualification is not the same as loan "pre-approval". The mortgage broker can often get the buyer a pre-qualification letter, but pre-approval must be issued by the mortgage lender.
Pre-approval means that the lender has definitely committed to loaning the buyer money, once the house itself is approved. Since it is a much stronger pledge, it is a much more valuable negotiating tool. When you hear someone talking about "pre-approval", they are referring to specific acknowlegment by a lender that they are willing to loan the buyer money. The real estate agent can be of assistance in this process.
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Real Estate Trivia
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What does the term Curb Appeal mean?
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This term describes how homes look from the street; this first impression is very important to prospective homebuyers. |
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'Lela' Ashkarian P.A. CRS, GRI, e-PRO, SFR Coldwell Banker Schmitt Real Estate 11050 Overseas Highway Marathon, FL. 33050 Direct: 305-395-0814 Mobile: 305-395-0814 Private Land Line: 305-289-6492 eFax: 305-946-7771 Office Line: 305-743-5181 Email: lela@coldwellbanker.com Email: lelasells@bellsouth.net email: 395.0814@305.ac email: aslanlelalu@gmail.com
Florida Keys Real Estate Top Selling and Listing Agent, Member of Primier Upscale Preview Coldwell Banker President Club, specializes in Luxury homes, condos, townhouses in Marathon and Middle Keys, Key Colony Beach Real Estate, Coco Plum beaches, Grassy Key, Duck Key Shark Key and Upper Keys Islamorada. 305-395-0814 or 305-289-6492
Living in Florida Keys since 1983. I will and can help you find that perfect home in the Marathon, Duck Key, Key Colony Beach, Coco Plum and Islamorada Upper Florida Keys.
Call Lela Ashkarian, Coldwell Banker Schmitt Real Estate, 305-395-0814 Real Estate Florida Keys Top CRS, GRI, e-PRO Realtor. 
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