What's the difference between getting PRE-QUALIFIED and getting PRE-APPROVED
🏡📢 PRE-QUALIFIED vs. PRE-APPROVED – WHAT’S THE DIFFERENCE? 🤔💰 Hey guys! Joey Virga here from Virga Realty 🎥🏡, and today I’m breaking down an important topic for homebuyers: The difference between getting PRE-QUALIFIED and getting PRE-APPROVED! 💳✅ 🚨 Not all approvals are created equal! 🚨 If you’re thinking about buying a home, knowing the difference can be the key to winning your dream home in a competitive market! 🏡💪 💡 Here’s the Breakdown: 🔹 Pre-Qualified 📝 ✅ A quick estimate based on basic financial info you provide (income, debts, credit score). ✅ No official verification—just an estimate of how much you might qualify for. ✅ A great first step, but not as strong when making an offer. 🔹 Pre-Approved 🔥🏦 ✅ A much stronger approval! Your lender reviews and verifies paycheck stubs, W-2s, tax returns, bank statements, and more. 📑💵 ✅ You receive a pre-approval letter, showing sellers and agents that you’re 100% ready to buy. ✅ Your loan program, purchase amount, and terms are set—so when we find the right home, we’re ready to make a firm, competitive offer! 💪🏡 🚀 WHY PRE-APPROVAL MATTERS: 🏡 Stronger Offers – If multiple buyers are interested in the same property, a pre-approved buyer has the edge! Sellers want to work with buyers who are serious and ready. 💰 Faster Closing – Since all financials are already reviewed, the process moves smoother and faster. 🔑 More Buying Power – You know exactly what you can afford, so you can shop with confidence! 🎯 Bottom Line: If you're serious about buying, get PRE-APPROVED before house hunting! It'll save you time, stress, and give you a HUGE advantage in this market. 📩 Have questions about the process? Need help getting pre-approved? I’d love to connect you with a great lender! Send me a DM, give me a call, or drop a comment below! Let’s get you into your dream home! 🚀🏡💙 #VirgaRealty #PreApproved #PreQualified #HomeBuyingTips #MortgageMatters #FloridaRealEstate #HouseHunting #DreamHome #HomeBuyers #WinningOffers #RealEstateAdvice
